Egypt is in the process of launching the Egypt Upstream Gateway, a digital subsurface platform that will act as an up-to-date repository of the country’s subsurface data, says H.E. Eng. Tarek El-Molla, Egypt’s minister of petroleum and mineral resource.
Petrobras’ business plan foresees Mero 4 entering operation in 2025 with a capacity to produce 180,000 barrels of oil a day.
A Shell spokesman said the firm did not rule out taking part in future licensing rounds in Norway’s frontier areas.