PROJECTS: UK's Shell nears deal to secure rights for Egypt’s Rahmat gas field: Report
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British oil giant Shell is close to securing development rights for Egypt's offshore Rahmat gas field, which holds an estimated 1.3 trillion cubic feet of natural gas and 80 million barrels of condensate. The field was previously held by BP, which relinquished it two years ago. Shell's bid was the highest in an international bidding process that included 13 blocks. Egypt's Ministry of Petroleum had offered several undeveloped fields and exploration concessions to energy companies in March 2025.
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