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Report: Shell looks to operate Egyptian concessions by H2'20

Royal Dutch Shell PLC wants to start operating in its three concession areas in Egypt during the second half of 2020, according to an Oct. 17 report from Reuters, citing executive vice president for upstream joint ventures Gerald Schotman.

In February, Shell won three out of 12 concession areas in the Egyptian General Petroleum Corp. and Egyptian Natural Gas Holding Co. international licensing rounds.

The areas include Sector 7 West Fayoum, Sector 9 South East of Horus and Sector 10 South AbuSnan.

Schotman told Reuters Shell applied to participate in another Egyptian bidding round for oil and gas drilling in the Red Sea and is still interested in bidding for oil and gas drilling in the Mediterranean Sea.