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Egypt inks $1 billion WDDM exploration deal with Shell, Petronas

16.09.2018

The Egyptian General Petroleum Corporation EGPC signed a deep-water oil and gas exploration agreement with Royal Dutch Shell and Malaysia’s Petronas worth around USD 1 billion, according to an Oil Ministry statement on Saturday. The agreement would see the two companies drill eight wells in the West Delta Deep Marine WDDM area in the Mediterranean Sea offshore Egypt.

(Ministry Press Release)