
Arcius Energy has signed a binding agreement to acquire Shell’s 60% and bp’s 40% interest in the El Burg concession in Egypt’s shallow water Mediterranean. The El Burg concession holds the undeveloped Harmattan Deep gas and condensate discovery.

Arcius Energy has signed a binding agreement to acquire Shell’s 60% and bp’s 40% interest in the El Burg concession in Egypt’s shallow water Mediterranean. The El Burg concession holds the undeveloped Harmattan Deep gas and condensate discovery.