US Apache intends to invest $100m in horizontal drilling on 20 wells in the Apollonia field located in the Egyptian Western Desert in order to produce around 40mcf/d of gas.
Royal Dutch Shell has signed a provisional agreement to develop oil and gas fields in Iran, namely the Azadegan and Yadavaran oil fields near the Iraqi border, and the Kish gas deposit in the Persian Gulf.
Egyptian Prime Minister, Sherif Ismail, met with Senior Shell Executive, Sami Iskander to discuss existing and potential opportunities in Egypt's oil and gas exploration.
Royal Dutch Shell is in advanced talks with a party interested in buying its onshore operations in Gabon as part of the company's $30b divestment plan.
Tests results of the new discovery well BTE - 2 at Badr El-Din Petroleum's (Bapetco) Alam El Shawish concession showed a production capacity of 20mcf/d of gas and preliminary estimated reserves of 500bcf.
Shell Companies in Nigeria has signed memoranda of understanding (MoU) with eight Nigerian banks under the revised Shell Contractor Support Fund in order to offer loans faster and at cheaper rates.
Zanzibar President Ali Mohamed Shein signed into law the oil and gas development/management bill, which gives the island autonomy in natural resource management.
Shell has sustained its investments in Egypt through the past period, and is currently in early stages of evaluating WDDM results for future exploration prospects.