Khaled Kacem, Shell Egypt Country Chairman and Managing director, announced that the company is still open to accepting purchasing offers to its assets in the Western Desert, according to Reuters.
Kacem did not reveal any further details nor did he disclose which companies have shown interest nor the final date of accepting offers. It is important mentioning that Shell announced plans to divest from its onshore assets to focus on its offshore projects in October 2019.
“As for the offshore explorations, Shell will begin working on a seismic survey by the end of the year or early 2021,” said Kacem, noting that the company’s explorations in West Delta have begun, and it is planning to begin drilling operations in Rashid concession in the Mediterranean.
It is worth mentioning that during the Egyptian General Petroleum Corporation (EGPC) and the Egyptian Natural Gas Holding Company (EGAS) 2019 bid rounds, Shell won three crude oil concessions and two other concessions for natural gas.
Shell has been working in Egypt since 1911 in fields of exploration and production(E&P) and exporting natural gas and petroleum products.