Shell and its partners have relinquished the two Egyptian Red Sea exploration blocks they were awarded at the end of 2019 (MEES, 3 January 2020). At ‘Red Sea 3’ Shell (43%op) was partnered by Australia’s Woodside (30%) and QatarEnergy (17%), and at ‘Red Sea 4’ Shell (21%op) was partnered by UAE state firm Mubadala (27%) as well as Woodside (25%) and QatarEnergy (17%). QatarEnergy entered the blocks in late 2021 (MEES, 17 December 2021).
Egypt’s latest official blocks map shows the acreage as open, whilst Woodside’s 2024 annual report, released last week, says that “exit activities” are ongoing. (CONTINUED - 149 WORDS)
