QatarEnergy Expands Egyptian Footprint With New Shell Partnership

QatarEnergy Expands Egyptian Footprint With New Shell Partnership

QatarEnergy struck a deal with Shell to buy a 27% interest in the North Cleopatra offshore oil and gas block in Egypt, with Shell retaining 36% in the block. The deal is pending the approval of the Egyptian government. The Qatari state energy major has been expanding in Egypt alongside Western oil majors, including Shell and Chevron, as the North African country seeks to boost its oil and gas production as fast as possible. Last year, QatarEnerg…

QatarEnergy acquires interest in North Cleopatra exploration block offshore Egypt - Drilling Contractor

QatarEnergy has entered into an agreement with Shell to acquire a 27% participating interest in the North Cleopatra block offshore the Arab Republic of Egypt. Under the terms of the agreement, Shell will retain a 36% participating interest as operator. The other participating interest holders are Chevron and Tharwa. The North Cleopatra block is located … The post QatarEnergy acquires interest in North Cleopatra exploration block offshore Egypt a…

Shell Sells Part of Majority Stake in North Cleopatra to QatarEnergy

QatarEnergy will own 27 percent of the exploration block on Egypt's side of the Mediterranean, while Shell will retain a 36 percent operating stake.

Qatar to buy 27% of Egypt offshore block from Shell

State-backed QatarEnergy has agreed to acquire a 27 percent participating interest in a block offshore Egypt from London-headquartered Shell. The agreement is subject to approval by the Egyptian government, the Qatari gas company said in a statement. As part of the deal, Shell will retain a 36 percent participating interest as operator. The other participating interest holders are US oil company Chevron (27 percent) and the Egyptian state-owned …

QatarEnergy acquires 27% participating interest in offshore Egypt block from Shell

The agreement, still subject to Egypt's approval, stipulated that Shell will retain a 36% participating interest as operator of the North Cleopatra block