The find has also widened interest in Petroceltic, which holds two licences, one awarded in 2013 and the other late last year, around 5km west of Zohr.
Speaking last year, at the time of the North Port Fouad licence award, Petroceltic’s chief executive, Brian O’Cathain, noted that the company’s new Egyptian blocks are located in an area of the Mediterranean Sea which has yielded “several world class” discoveries in recent years; something obviously lent more weight by Eni’s recent announcement.
It is understood that Petroceltic will now drill at the North Thekah licence next year, after receiving results from 3D seismic activity before the end of this year. It is also believed that a similar 3D survey to the programme carried out there will proceed at North Port Fouad.
(Source: Irish Examiner)