Shell Egypt participates in Egypt oil and gas virtual roundtable focusing on "Increasing investments in Egypt's brownfields"

Under The Patronage of H.E Eng Tarek El Molla, Minister of Petroleum and Mineral Resources

  
Shell Egypt participates in Egypt oil and gas virtual roundtable focusing onnbsp;Increasing investments in Egypt's brownfields

Cairo: Shell Egypt participated in the Egypt Oil and Gas virtual roundtable, which discussed opportunities in Egypt’s Brownfields in light of developing and modernizing the Egyptian petroleum sector. The roundtable was held in the presence of H.E. Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources, leaders of international companies operating in the petroleum sector in Egypt, along oil and gas industry experts.

Khaled Kacem, Country Chairman and Managing Director of Shell companies in Egypt expressed his pride to take part in this critical discussion, saying, “This is indeed a crucial topic for oil and gas operators worldwide. There are still many opportunities and challenges that require more efforts in order to develop and operate upstream projects that are resilient to market fluctuations and uncertainty especially in light of the spread of Covid-19.

“Shell Egypt launched a transformation initiative to improve the efficiency of the projects, entitled ‘Fit for the Future’. The program aims at operating assets more safely, reliably and cost-effectively, while standardizing ways of working and identifying improvements through comparisons with competitors”, added Kacem.

Kacem emphasized on the substantial potential for optimizing operating costs; with key focus areas that include improving commerciality of work executed by vendors, introducing more competition and better contract management, and improving productivity of people and resources.

Kacem concluded his speech by shedding light on several milestones achieved by Shell since its inception in the Egyptian market, 108 years ago. “The company succeeded in increasing and sustaining natural gas production from 9B wells for more years. Additionally, Shell Egypt managed to developing Burullus plant – the second largest gas processing plant in Egypt.

Shell Egypt in cooperation with Rashid teams, applied an integrated system in WDDM Phase9b which managed to set records. The operations team achieved significant savings through schedule acceleration, efficient procurement strategy and using a sixth generation rig in the West Delta wells’ drilling process with competitive costs compared to other rigs in the Mediterranean.

Brownfields are oil or gas accumulation, which have matured to a production plateau or even progressed to a stage of declining production. Operating companies seek to extend the economic producing life of the field using cost-effective, low-risk technologies. Stimulation or re-fracturing operations, completing additional zones, and installing artificial lift equipment are a few technologies commonly applied in brownfields before any drilling options are attempted.

-End-

For Media enquiries:
Mr. Hassan AlMarashi
Head of Media Relations for Middle East & North Africa
Shell EP International
Tel:   +971 4 705 5783
Hassan.Almarashi@Shell.com 

Ms. Tamara Abdulhadi
Media Relations for Middle East & North Africa
Shell EP International Ltd
Tel:    +971 4 7055294
Tamara.Abdulhadi@Shell.com 

Cautionary Note

The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate legal entities. In this PR “Shell”, “Shell group” and “Royal Dutch Shell” are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to subsidiaries in general or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this PR refer to companies over which Royal Dutch Shell plc  either directly or indirectly has control. Entities and unincorporated arrangements over which Shell has joint control are generally referred to “joint ventures” and “joint operations” respectively.  Entities over which Shell has significant influence but neither control nor joint control are referred to as “associates”. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in a venture, partnership or company, after exclusion of all third-party interest.

This PR contains forward-looking statements concerning the financial condition, results of operations and businesses of Royal Dutch Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Royal Dutch Shell to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as ‘‘anticipate’’, ‘‘believe’’, ‘‘could’’, ‘‘estimate’’, ‘‘expect’’, ‘‘goals’’, ‘‘intend’’, ‘‘may’’, ‘‘objectives’’, ‘‘outlook’’, ‘‘plan’’, ‘‘probably’’, ‘‘project’’, ‘‘risks’’, “schedule”, ‘‘seek’’, ‘‘should’’, ‘‘target’’, ‘‘will’’ and similar terms and phrases. There are a number of factors that could affect the future operations of Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this PR, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; and (m) changes in trading conditions. All forward-looking statements contained in this PR are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Royal Dutch Shell’s 20-F for the year ended December 31, 2019 (available at www.shell.com/investor and www.sec.gov ). These risk factors also expressly qualify all forward looking statements contained in this PR and should be considered by the reader.  Each forward-looking statement speaks only as of the date of this PR, October XX, 2020. Neither Royal Dutch Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this PR.

We may have used certain terms, such as resources, in this PR that United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC.  U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov 

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