Royal Dutch Shell has announced the discovery of a new gas field, onshore Egypt. PTI-2 is located in the Alam El-Shawish concession area in the country’s Western Desert region and is believed to have reserves of approximately 500 billion cubic feet of gas.
In 2010 Shell signed a farm-in agreement with its partners Vegas and GDF Suez to speed up the development of the Alam El Shawish West (AESW) gas concession, in Western Egypt. Shell has a 40per cent interest in the field, with Bapetco acting as the operator. Vegas and GDF Suez own 35 per cent and 25 per cent respectively.
Shell has used the most advanced technology in the seismic survey phase of the field development, which led to the discovery. It also dug one of the deepest wells in the western desert to flow gas from the reserves.