Shell to develop Mina West gas feld offshore Egypt
BG International Limited, a subsidiary of Shell plc, has announced the final investment decision (FID) for the development of the Mina West gas field, located offshore in the Egyptian Mediterranean Sea.
Shell, holding a 60% operating interest, will lead the development alongside partner Kufpec (Egypt) Limited (KUFPEC), which owns the remaining 40%. The partners will work in close coordination with the Egyptian Natural Gas Holding Company (EGAS) to deliver the project.
Discovered in October 2023, Mina West will be developed as a subsea tie-back to existing West Delta Deep Marine (WDDM) infrastructure. The project is expected to bring new gas volumes to Egypt’s domestic market, supporting the country’s growing energy needs and long-term supply security.
Dalia Elgabry, Vice President and Country Chair of Shell Egypt, said: “Investing in new production at Mina West expands our industry-leading integrated gas business and supports delivery of secure, reliable energy to Egypt’s domestic market in line with our strategy to create more value with less emissions.”
The decision aligns with Shell’s global strategy to grow its Integrated Gas and Upstream production by 1% annually through to 2030. The Mina West project is also expected to deliver an internal rate of return (IRR) exceeding Shell’s benchmark for the Integrated Gas segment.
The fast-tracked development highlights Shell’s continued role as a strategic partner in Egypt’s energy sector and reinforces the country’s vision of becoming a regional energy hub.
