Shell’s Velox-1X exploratory well in Egypt’s North Cleopatra concession turned up encouraging signs of oil, raising the prospect of the first crude oil discovery in the Western Mediterranean. Shell operates the Velox-1X well in cooperation with Egyptian Natural Gas Holding Company (EGAS), with participation from Chevron and Tharwa Petroleum. QatarEnergy is in the process of …
The post Stena IceMAX strikes oil indicators offshore Egypt for Shell appeared first on Drilling Contractor.
News, The Offshore Frontier