{"id":606095,"date":"2026-08-27T10:20:17","date_gmt":"2026-08-27T10:20:17","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/606095\/"},"modified":"2026-08-27T10:20:17","modified_gmt":"2026-08-27T10:20:17","slug":"africas-2nd-largest-economy-lands-350-million-shell-investment-in-a-sector-affecting-almost-every-citizen","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/606095\/","title":{"rendered":"Africa\u2019s 2nd-largest economy lands $350 million Shell investment in a sector affecting almost every citizen"},"content":{"rendered":"<p>&#13;<br \/>\n        This move targets a crucial sector that plays a fundamental role in powering homes and supporting the everyday lives of citizens across the nation.&#13;\n    <\/p>\n<p>&#13;<br \/>\n        Through its subsidiary BG Delta Limited, Shell has reached a final investment decision for Phase 12a of the West Delta Deep Marine (WDDM) concession.&#13;\n    <\/p>\n<p>&#13;<br \/>\n        The initiative is a collaborative effort, bringing together the Egyptian Natural Gas Holding Company (EGAS), the Egyptian General Petroleum Corporation (EGPC), and Malaysia&#8217;s Petronas.&#13;\n    <\/p>\n<p>&#13;<br \/>\n                                            &#13;<br \/>\n                                            &#13;<br \/>\n                                            &#13;<br \/>\n                                                &#13;<br \/>\n                                                    &#13;<br \/>\n                                                    &#13;<br \/>\n                                                    &#13;<br \/>\n    &#13;<br \/>\n    &#13;<br \/>\n    &#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n    &#13;<br \/>\n    &#13;<br \/>\n&#13;<br \/>\n    &#13;<br \/>\n&#13;<br \/>\n    &#13;<br \/>\n        A major boost for offshore gas production in Egypt&#13;<br \/>\n    &#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n                                                &#13;<br \/>\n                                            &#13;\n                                        <\/p>\n<p>&#13;<br \/>\n        The Ministry of Petroleum and Mineral Resources previously revealed that approximately $350 million has been allocated to fund this phase of the offshore project.&#13;\n    <\/p>\n<p>&#13;<br \/>\n        This funding represents a critical step in maintaining steady energy production from one of Egypt&#8217;s most important Mediterranean gas fields, which has been operational since 2003.&#13;\n    <\/p>\n<p>&#13;<br \/>\n        The ongoing development builds on earlier successes in 2024 and 2025, when phases 10 and 11 successfully brought six active gas wells online.&#13;\n    <\/p>\n<p>&#13;<br \/>\n                                            &#13;<br \/>\n                                            &#13;<br \/>\n                                            &#13;<br \/>\n                                                &#13;<br \/>\n                                                    &#13;<br \/>\n                                                    &#13;<br \/>\n                                                    &#13;<br \/>\n    &#13;<br \/>\n    &#13;<br \/>\n    &#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n    &#13;<br \/>\n    &#13;<br \/>\n&#13;<br \/>\n    &#13;<br \/>\n&#13;<br \/>\n    &#13;<br \/>\n        Using existing infrastructure to speed up delivery&#13;<br \/>\n    &#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n                                                &#13;<br \/>\n                                            &#13;\n                                        <\/p>\n<p>&#13;<br \/>\n        At the heart of the new phase is the planned drilling and completion of three deepwater gas wells, with production scheduled to begin in 2028.&#13;\n    <\/p>\n<p>&#13;<br \/>\n        Instead of constructing entirely new facilities, these wells will be connected to the existing subsea network operated by the Burullus Gas Company.&#13;\n    <\/p>\n<p>&#13;<br \/>\n        This approach significantly improves capital efficiency, lowers overall development costs, and accelerates the timeline for bringing the gas to market.&#13;\n    <\/p>\n<p>&#13;<br \/>\n        Dalia El Gabry, Vice President and Chairperson of Shell Egypt, emphasized the value of this decision.&#13;\n    <\/p>\n<p>&#13;<br \/>\n        She shared that the investment &#8220;underlines the company\u2019s commitment to unlocking the full potential of the WDDM concession under favourable technical and commercial conditions.&#8221;&#13;\n    <\/p>\n<p>&#13;<br \/>\n        To ensure a smooth rollout, she added that Shell would &#8220;draw on its project development expertise and existing infrastructure to speed up implementation while continuing to cooperate with the Egyptian government and its joint-venture partners to support the country\u2019s energy needs.&#8221;&#13;\n    <\/p>\n<p>&#13;<br \/>\n                                            &#13;<br \/>\n                                            &#13;<br \/>\n                                            &#13;<br \/>\n                                                &#13;<br \/>\n                                                    &#13;<br \/>\n                                                    &#13;<br \/>\n                                                    &#13;<br \/>\n    &#13;<br \/>\n    &#13;<br \/>\n    &#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n    &#13;<br \/>\n    &#13;<br \/>\n&#13;<br \/>\n    &#13;<br \/>\n&#13;<br \/>\n    &#13;<br \/>\n        Securing domestic energy for Egypt&#8217;s future&#13;<br \/>\n    &#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n                                                &#13;<br \/>\n                                            &#13;\n                                        <\/p>\n<p>&#13;<br \/>\n        <a href=\"https:\/\/www.egypttoday.com\/Article\/3\/149073\/Shell-approves-350M-investment-in-Egypt%E2%80%99s-WDDM-gas-project\" id=\"7f5f9842-1d64-49fb-9610-245e2c7ea40e\" data-link-role-code=\"open_new_tab\" target=\"_blank\" rel=\"nofollow noopener\">According to Egypt Today<\/a>, the WDDM concession is located in the Mediterranean Sea, between 90 and 120 kilometers off the Nile Delta coast, in water depths ranging from 300 to 1,200 meters.&#13;\n    <\/p>\n<p>&#13;<br \/>\n        By focusing on sustaining production, this $350 million project is designed to directly support Egypt&#8217;s domestic gas supply and strengthens long-term energy security, ensuring that citizens have a reliable source of power for their daily needs.&#13;\n    <\/p>\n","protected":false},"excerpt":{"rendered":"&#13; This move targets a crucial sector that plays a fundamental role in powering homes and supporting 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