Egypt, Shell Agreed on Gas Re-pricing for Burulus Field

Egypt, Shell Agreed on Gas Re-pricing for Burulus Field

The Egyptian Ministry of Petroleum and Mineral Resources agreed with Royal Dutch Shell Petroleum Company to re-price gas produced in phase 9C from Burulus field to be the same pricing as 9B phase gas, ranging between $2.5 and $5.88 per thermal unit, reported Al Borsa News.

The ministry has also entered an agreement with Shell that will allow the company to export around 125mcf/d of gas through Edco liquefaction factory that is owned by Shell, after the facility was left idle for two years.

Shell’s total production from Burulus and Rasheed fields has declined to 700mcf/d of gas, in comparison to 850mcf/d in 2015.

In related news, Shell discovered a new gas field in Alam El Shawish concession area in the Western Desert. The well is estimated to contain 0.5tcf of gas, with the possibility that the quantities may increase.

Sarah Samir 3289 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.


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