BG International Limited, an affiliate of Shell plc (Shell), has made a final investment decision to develop the Mina West gas discovery in Egypt’s Mediterranean Sea. Accordingly, Shell (holding 60% stake) will operate the field alongside partner, KUFPEC Egypt Limited (KUFPEC) (holding 40%), working in close collaboration with the Egyptian Natural Gas Holding Company (EGAS).

Discovered in October 2023, the Mina West gas field will be developed as a subsea tie-back to the existing West Delta Deep Marine (WDDM) infrastructure, ensuring a reliable energy supply for Egypt’s domestic gas market.

“Investing in new production at Mina West expands our industry-leading integrated gas business and supports the delivery of secure, reliable energy to Egypt’s domestic market in-line with our strategy to create more value with less emissions,” Dalia Elgabry, Vice President and Country Chair of Shell Egypt, commented.

This targeted investment contributes towards growing Shell’s combined Integrated Gas and Upstream (IG&U) total production by 1% per year to 2030. The investment in Mina West is expected to generate an internal rate of return (IRR) in excess of the hurdle rate for Shell’s Integrated Gas business, according to the company’s statement.

In May 2024, Shell announced two new oil wells in the Mediterranean Sea of Egypt, namely Mina West and Khufu. Shell’s operations in Egypt commenced in 1911, with the exploitation of two concessions located in Gemsa on the Mediterranean Sea and Hurghada on the Red Sea.