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Shell

Shell announces new natural gas discovery in Egypt

Shell enlisted the services of Stena Drilling and its Mobile Offshore Drilling Unit (MODU) – Stena Forth rig for the execution of the drilling campaign, as specified in the announcement.

Shell reinforces presence in Nile Delta with acquisition of Offshore Block 3

A Farm Out Agreement (FOA) is a type of contract that allows investors to acquire a stake from an existing project participant by selling all or percentage stake in the venture