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Badr El-Din Petroleum Co.

Company Summary

Description

The Badr El Din Petroleum Company (BAPETCo), was formed in the early 1980s, as joint venture between Shell and the Egyptian General Petroleum Cooperation. BAPETCo is responsible for the development and production of Shell’s fields in the Western Dessert. After a period of primary recovery, waterflooding development is currently starting and there is active exploratory and appraisal drilling for unconventional gas and light tight oil. Current production levels are around 110,000 barrels/day with a 5-6 rig activity level supporting exploration, appraisal and development drilling.

Operational Regions

  • Middle East
  • Africa
  • Mediterranean

Related Entities

Recent news

  • 3/9/2021 - Shell Divesting Select... (subscriber access)

Company Transactions

Date: 9/30/2021
Type: Acquisition

NOTES:
Shell has reached a deal to divest certain upstream assets in Egypt for $926 million to Cheiron Petroleum Corp & Cairn Energy. The deal included a base payment of $646 million and contingent payments of $280 million based on prices between 2021-2024 The deal will close in the second half of 2021 and covers 13 onshore concessions and Shell's stake in Badr El-Din Petroleum Company.
REGIONS:
  • Africa