Eni bags two new exploration blocks off Egypt

Italian oil company Eni has signed two new concession agreements for the North El Hammad and North Ras El Esh blocks, located in the shallow waters in the Egyptian Mediterranean Sea.

Eni said on Tuesday that these two concession agreements were signed as a result of the EGAS 2015 international bid round.

Eni is the operator of the North El Hammad block with an equity of 37.5% in participation with BP, who has a 37.5% stake, and with Total, who has 25% a stake.

The block, which covers an area of 1,927 km2, is located to the west of the Abu Madi West and Baltim-Baltim South development areas, where Eni recently made the significant discoveries of Nooros, in production since August 2015, and Baltim South West.

Moreover, Eni has a 50% participation stake in the North Ras El Esh block, operated by BP with an equity of 50%. The block, which covers an area of 1,389 km2, is located southwest of the development areas of Temsah and Port Fouad.

The two new concession agreements follow the recently awarded blocks of Southwest Meleiha, in the Western Desert, Shorouk, Karawan, and North Leil, in the deep water of the Egyptian Mediterranean.

Eni made a commitment to pursue new exploration after the recent successes of Nooros, Zohr, and Baltim South West, made in 2015 and in 2016.

Share this article

Follow Offshore Energy Today

Events>

<< Nov 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

Oil & Gas Vietnam 2019

Oil & Gas Vietnam (OGAV) 2019 is the only specialized oil & gas event in Vietnam that brings together an international congregation of both upstream and downstream oil and gas companies and also its supporting industries gathered in the heart of Vietnam’s oil and gas industry in Vung Tau, to showcase the latest developments in the oil and gas industry.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply