Shell, Petronas to Start Work on Burullus 9B

Shell, Petronas to Start Work on Burullus 9B

Royal Dutch Shell and Malaysian Petronas will start working on phase 9B in the Burullus field during the fourth quarter of 2017, Egytian Minister of Petroleum and Mineral Resources, Tarek El Molla, stated, according to Al Shorouk Newspaper.

The field is planned to start producing in phase 9B during the second half of 2018, with production capacity ranging between 350 million and 400 million standard cubic feet per day (mscfd) of gas, and with around $1 billion investments, El Molla said.

Phase 9B was originally planned to start production in 2017, but it was delayed until Egypt reaches an agreement with the foreign partners, and work in the phase stopped in March 2016.

The field is managed by state-owned Rashid Petroleum (Rashpetco), which owns 50% stakes, Shell, owning 25%, and Petronas, owning 25% of the field’s stakes.

In February, 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, according to Al Shorouk Newspaper. The two companies drilled eight wells in West Delta deep water concession with investments estimated at $950 million and a production capacity of 387mscfd of gas.

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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