Shell stated in a written announcement that the new reserve was found in the concession area northeast of Amiriya in the Mediterranean.
The statement noted that the drilling of the first well, part of a project to drill three wells in the concession area, has been completed, and that it is not yet possible to provide information regarding the total gas reserves.
GAS AT A DEPTH OF 250 METERS
The statement pointed out that preliminary data confirms the presence of a gas-bearing layer, but that further evaluation of the collected data is required to determine the scope of the discovery and potential production. It also included information that data obtained from the first well, where drilling operations have been completed, indicates the presence of a gas-bearing layer at a depth of 250 meters below sea level.
EMPHASIS ON AN IMPORTANT STEP
In the statement, Shell Egypt Chairman Khaled Kacem described the new discovery as "an important step forward for Shell Egypt to achieve its goals of gaining a larger share in the local market and creating a positive impact."
News Source: AA
