document: On 20 January 2020, Shell, Petronas and the Egyptian Natural Gas Holding Company (EGAS) signed agreements with the Egyptian Ministry of Petroleum and Mineral Resources for E&P activities in two offshore blocks located in the Nile Delta Basin, Mediterranean Sea.   The first agreement covers activities in the North El Fanar offshore block. It states minimum investment expenditures of USD 129 million and includes a signature bonus of USD 3 million for the drilling of an exploration well. The block, which covers an area of 2,264 sq km was granted to Shell and Petronas in February 2019 following the EGAS International 2018 Bid Round.  The first agreement covers activities in the North Sidi Gaber offshore block. It states minimum investment expenditures of USD 180 million and includes a signature bonus of USD 10 million for the drilling of three exploration wells. The block, which covers an area of 2,040 sq km was granted to Shell and Petronas in February 2019 following the EGAS International 2018 Bid Round.
summary: Shell (25% op, Petronas 25%, EGPC 50%) was awarded:  N. El Fanar Offshore and North Sidi Gaber Offshore blocks.