Shell Drops $350 Million into Egypt's WDDM Concession
Shell has approved a $350 million investment in Egypt's West Delta Deep Marine (WDDM) gas project, marking a significant expansion of the company's operations in the region. The project, known as Phase 12a, will see Shell drill and complete three deepwater gas wells off the coast of Egypt, with production expected to begin in 2028.
The project is being implemented in partnership with the Egyptian Natural Gas Holding Company (EGAS), the Egyptian General Petroleum Corporation (EGPC), and Malaysia's Petronas. By leveraging existing infrastructure, Shell aims to accelerate development while minimizing costs.
Dalia El Gabry, Vice President and Chairperson of Shell Egypt, emphasized the company's commitment to unlocking the full potential of the WDDM concession under favorable technical and commercial conditions.
The investment is seen as a strategic move by Shell to support Egypt's domestic gas supply and strengthen energy security. The project will also help sustain production from one of the Nile Delta's key offshore concessions, which began gas production in 2003.