Signing the First New Project, Unconventional Gas

Eng. Sherif Ismail, Minister of Petroleum and Mineral Resources witnessed the signing of the first new contract for the production of unconventional gas project in Northeast Abuel Garadeek region at the Western Desert from the Apollonian geological layer coherent structure which require horizontal drilling and multiple hydraulic fracturing, which is the same method used in shale gas production in the United States. The project investments are about $ 30-40 million along with drilling three horizontal wells.

Eng. Tariq Al Mulla, Chief Executive of EGPC and Tom Maher, President of the US Apache Corporation and Aiden Murphy, Chairman of Shell Egypt, signed the contract.

The Minister pointed out that this project will open up new horizons for the Western Desert region for the production of unconventional gas from these geological structures, extended over a large area in the region.

For more information about related Opportunities and Key Players visit Egypt Oil and Gas Projects