Cairo – Egypt: Royal Dutch Shell actual investments in Egypt exceeded its planned investments by 15%, according to company’s press release.
The value of the company’s investments amounted to $450 million in its concession areas at Western desert.
Earlier, the Anglo-Dutch oil and gas giant unveiled its plans related to its investments in Egypt during the current fiscal year 2016/2017, where it eyes investing $342m in drilling 33 wells in its concession areas that are operated by Badr El Din Petroleum Company (BAPETCO)
During the previous fiscal year 2015/16, Shell had drilled a total of 32 wells in its concession areas also through BAPETCO; 25 of these wells were developmental wells and the remaining 7 were exploratory wells. The company invested a total of $442m in these operations.
