Shell Egypt N.V.
In 2011 Shell celebrated its 100 year presence in Egypt. It first entered the country in 1911 to operate two concessions in Gemsa and Hurghada. Today Shell has a number of joint ventures and interests in Egypt including:
In the upstream, most of our operations are located in the Western Desert and Nile delta. In the Western Desert, our business portfolio includes stakes in 19 oil and gas producing development leases in the Badr El Din & Obaiyed area and four exploration concessions namely; North East Abu El Gharadig, West Sitra, Bed 1 gas and most recently, the West Alam El Shawish concession, which has strengthened our onshore portfolio by acquiring 40% share from Vegas (20%) and GDF (20%) and taking over operatorship.
In the Nile Delta SENV operates North West Damietta in shallow water. Early 2011 Shell relinquished the NEMED concessions after a ten year effort to prove up commercial gas. In 2009, Shell Egypt joined bidding in the North Damietta Offshore concession in a consortium of BP, Shell and Petronas each with a 33% Shell share. BP is the operator. Shell also secured a 33? % share in the North Tinah Offshore Concession where BP is the operator holding the remaining 66% share.