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Shell to invest $415 million in BapetCo operations

by ChemOrbis Editorial Team - content@chemorbis.com
  • 20/08/2015 (15:23)
According to media sources, Royal Dutch Shell is planning to invest $415 million in areas of operations run by Egypt’s Badr El Din Petroleum Company (BapetCo). The investments reportedly aim at raising oil and natural gas output through developing existing fields and making new discoveries.

The investments for the 2015-2016 period consist of three main sections; $268 million in order to implement field development projects, $97 million to cover business and operating expenses and $50 million to dig exploratory wells.
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