Kuwait state firm Kufpec announced on 20 September that it has signed a farm-in agreement with UK major Shell to take 40% of the Northeast El Amriya block in the Mediterranean, north of the Nile Delta. Shell retains a 60% operator’s stake.

“We are glad to expand our presence in Egypt in cooperation with our international operating partners in highly prolific exploration basins in line with our 2040 strategy,” Kufpec CEO Mohammed Salem Al-Haimer says. (CONTINUED - 310 WORDS)