Moscow, July 24 - Neftegaz.RU. BG international limited, an affiliate of Shell plc (Shell), and KUFPEC Egypt Limited (KEL) wholly-owned subsidiary of Kuwait Foreign Petroleum Exploration Company, k.s.c.c. (KUFPEC) announced the Final Investment Decision (FID) for the development of the Mina West gas discovery, located in the Northeast El Amriya concession in the Mediterranean Sea. This strategic decision demonstrates KUFPEC’s flexibility and commitment to deadlines in addition to alignment with its partners to meet the increasing market demands.
Mina West has been advanced by the joint ventures, in collaboration with the Egyptian Natural Gas Holding Company (EGAS). This milestone showcases the partners shared commitment to accelerating value delivery and enhancing Egypt’s domestic gas supply. Progress has been made possible through an innovative contracting strategy with a world-class Engineering, Procurement, Construction, Installation, and Commissioning (EPCIC) contractor.
Discovered in October 2023, the Mina West gas field will be developed as a subsea tie-back to the existing West Delta Deep Marine (WDDM) infrastructure, ensuring a reliable energy supply for Egypt’s domestic gas market.
In May 2024, Shell announced two new oil wells in the Mediterranean Sea of Egypt, namely Mina West and Khufu. Shell’s operations in Egypt commenced in 1911, with the exploitation of two concessions located in Gemsa on the Mediterranean Sea and Hurghada on the Red Sea.
KUFPEC Chief Executive Officer Mr. Eisa A. Al-Maraghi stated that: «KUFPEC has long been a key player in advancing upstream oil and gas projects worldwide. Our partnership with Shell in Egypt reflects our broader commitment to energy cooperation and strategic investments throughout the region».
KUFPEC is an international upstream company engaged in exploration, development and production of crude oil and natural gas outside the State of Kuwait and is a wholly owned subsidiary of Kuwait Petroleum Corporation.
