Shell completed the sale of its oil assets located in the Western Sahara Desert location to Cheiron Petroleuim and
Royal Dutch Shell announced that it has completed the sale of its oil and gas assets in Egypt’s Western Sahara Desert location, while Egypt-based Cheiron Petroleuim and UK-based Cairn Energy together with Shell Egypt’s share of 13 land licenses for $926 million in the business’ Badr El-Din Petroleum. Company’s (BAPETCO) 50% shares were acquired.
In the fields that Cairn and Cheiron bought from Shell, the equivalent of 83 thousand barrels/day of oil was produced in 2020, and 63% of this was gas.