Shell to Sell Egypt Onshore Assets for up to $926 Million

Transaction Type
Sellers
Basin
Onshore Egypt
Announce Date
Post Date
Estimated Price
$926.0MM
Description

To buy upstream assets in Egypt’s Western Desert that includes Shell Egypt’s stake in 13 onshore concessions and its share in the Badr El-Din Petroleum Co. (BAPETCO); base price of $646 MM with additional payments of up to $280 MM subject to oil price and exploration results. (Expected to close 2H 2021)