Shell Starts Drilling $180 Million Deepwater Gas Well in Egypt’s Mediterranean Waters

Shell has launched drilling operations at the Velox exploration well in Egypt’s offshore Herodotus Basin, committing more than $180 million to what industry observers view as one of the most consequential frontier gas tests in the Eastern Mediterranean in recent years. The deepwater prospect, located within the North Cleopatra concession west of the Nile Delta, […] The post Shell Starts Drilling $180 Million Deepwater Gas Well in Egypt’s Mediterranean Waters appeared first on The Middle East Observer .