The completion of the ownership transfer process, the management of the concession area will be transferred to Shell, according to the company, which noted that the agreement is subject to the approval of the relevant government and regulatory agencies. On the sidelines of the agreement, Chairman of the Board of Directors of Shell companies in Egypt, Khaled Kassem, stated that the conclusion of this important agreement confirms Shell's strong commitment to Egypt. Kassem explained that the proximity of the new concession area to the company's current assets and other exploration areas owned by Shell in the same area will contribute to accelerating the pace of the company's ambitions in the offshore areas. The addition of the Northeast Amreya concession area to the production is an important and influential step towards achieving Egypt's growth strategy. In 2020, BG Delta, wholly owned by Shell, acquired the rights to operate the North Sidi Gaber concession area (Area 4) and North El Fanar (Area 6) located west of the Nile Delta in the Mediterranean, in partnership with BJD PICL Egypt Ltd.
