As the crisis in Egypt escalates, several oil and gas companies active in the country have made tough decisions to maintain business at current rates or pull staff out to ensure that their safety and wellbeing is maintained. Here is a brief round up of the status of some companies active within the nation.
Shell has announced that its Egyptian companies have no plans to shut down in the long term. The company’s offices were shut down last week for a brief period due to violence last week but it has been labelled as a temporary response to the situation. In the Daily New Egypt a spokesman for Shell was quoted as saying ‘We can’t anticipate what will happen in the future but for the time being we have no intention to close our offices in the country.’
BG Group has pulled out some staff from the country. It was one of the first to remove staff from Egypt after the government takeover began in July. Exports of LNG from the company have dropped however; BG’s offshore operations have not been impacted by the violence.
Apache Corp. is one of the biggest energy companies in Egypt and the continued violence in the country has had no impact on the company’s operations. According to the company, Egypt is one of its most active production areas and accounted for 19% of its global production in the second quarter of this year.
Edited from various sources by Claira Lloyd.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/21082013/oil_gas_companies_active_in_egypt581/