Shell Egypt participates in Egypt oil and gas virtual roundtable focusing on "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.

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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 

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© Press Release 2020