Shell, Petronas Develop Burullus 9B Phase

Shell, Petronas Develop Burullus 9B Phase

An official at the Egyptian Natural Gas Holding Company (EGAS) stated that Shell and Petronas began working on phase 9B of the Burullus gas field, reported Al Shorouk Newspaper. The 2 companies drilled 8 wells in West Delta deep water concession with investments estimated at $950m and a production capacity of 387mcf/d of gas.

Production from phase 9B was scheduled to commence in 2017, yet plans were rain-checked until an agreement with foreign partners is reached. Accordingly, EGAS held several meetings with foreign partners including BG, Petronas and Shell to establish a common ground among all parties involved.

Shell and Petronas started working in the 9B phase after amending produced gas prices to stand at a maximum of $5.88 per 1m thermal unit. The concerned areas are run by Rosetta Petroleum Company which is a joint venture between the Egyptian General Petroleum Corporation (EGPC), owning 50% of stakes, Shell, owning 25% of staked, and Petronas, owning 25% stakes.

Sarah Samir 2690 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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