Shell and its 50:50 partner offshore Egypt, Malaysian state firm Petronas, remain at odds over whether to press ahead with the next phase of their West Delta Deep Marine (WDDM) project following a meeting this week with oil minister Tarek El Molla. MEES understands Mr Molla has asked the partners to re-evaluate their estimates to try to find an agreement that will see them proceed with development.

This week’s meeting of the Burullus JV which pairs Shell (25%) and Petronas (25%) with state firm EGPC (50%), saw the firms present their plans for the upcoming 2021-22 financial year (from July). (CONTINUED - 1027 WORDS)