Shell has been awarded the North Umbaraka 1 development lease (DL), as a carve-out from North Umbaraka PSC located on the Umbaraka Ridge in the Western Desert. The award is effective from April 2018 and is understood to be valid for a minimum 20-year term. The block is believed to have been awarded over the North Umbaraka 1 (NUMB 1) gas discovery. It was drilled to a TD of 4,310m in April 2018, with operations being carried out by the Egyptian Drilling Company #46 rig. The original PSC agreement was signed on 29 August 2017, following the EGPC International 2016 Bid Round. Equity in the DL is understood to be split between Shell (50%) and EGPC (50%, carried).
Shell has been awarded the North Umbaraka 1 development lease (DL), as a carve-out from North Umbaraka PSC located on the Umbaraka Ridge in the Western Desert.