Western_desert

  • Cheiron to Acquire 50% of Shell Egypt Onshore Upstream Assets

    Cheiron to Acquire 50% of Shell Egypt Onshore Upstream Assets

    Tuesday, 9th March 2021

    Cheiron Petroleum Corporation has agreed to purchase 50% of Shell’s upstream oil and gas interests in the Western Desert, according to press release. The remaining 50% of the interests will be purchased by Cheiron’s strategic partner, Cairn Energy plc, a new entrant into the Egyptian upstream sector.