Shell to Sell Egypt Onshore Assets for up to $926 Million
Transaction Type
Sellers
Basin
Onshore Egypt
Announce Date
Post Date
Estimated Price
926MM
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)