Kuwait and Shell Partner for Egyptian Gas Exploration at Mina West Field
A subsidiary of Kuwait Foreign Petroleum Exploration Company (KUFPEC) announced Tuesday a final investment decision with Shell Egypt to develop gas exploration at Egypt’s promising Mina West field in the Mediterranean Sea.
BG International Limited, a Shell affiliate holding a 60% stake, will operate the field alongside KUFPEC Egypt Limited (40%) in close collaboration with the Egyptian Natural Gas Holding Company (EGAS). The field, located in the North East El-Amriya block, was discovered in October 2023.
The Mina West development will utilize a subsea tie-back to existing West Delta Deep Marine (WDDM) infrastructure, ensuring reliable energy supply for Egypt’s domestic gas market. The targeted investment supports Shell’s strategy to grow its combined Integrated Gas and Upstream production by 1% annually through 2030.
“Investing in new production at Mina West expands our industry-leading integrated gas business and supports secure, reliable energy delivery to Egypt’s domestic market,” commented Dalia Elgabry, Vice President and Country Chair of Shell Egypt.
The investment is expected to generate an internal rate of return exceeding Shell’s Integrated Gas business hurdle rate. Shell’s Egyptian operations date back to 1911, beginning with concessions at Gemsa on the Mediterranean Sea and Hurghada on the Red Sea.
Sources: timeslive.co.za, egyptoil-gas.com