Shell is looking to sell its 40,000 b/d and 500mn cfd of production and exploration assets in Egypt’s Western Desert with Apache one of the firms to have expressed an interest (MEES, 25 October 2019).
In a clear reference to the Shell sale Apache CEO John Christmann was asked on his firm’s 27 February earnings call about “reports in the news media about A&D [acquisition and divestment] opportunities in Egypt. And particularly in light of you guys reallocating some capital in that direction because of the attractiveness you see there. How would you characterize your appetite for more assets in Egypt?” (CONTINUED - 278 WORDS)
