Oil & Gas

Edison begins drilling three wells in Idku, Abu Qir, North West El Gindi by January

edison-spaItalian energy firm Edison will begin drilling three at its concessions in Idku, Abu Qir, and North West El Gindi, head of business development Tarek Shalaby told Al Borsa. He also added that Edison and Qalaa Holdings are currently in negotiations with the oil and electricity ministries to build a 180 MW power plant in Abu Qir that will be supplied with natural gas from the company’s field, he added.

The cost of the power plant is estimated at EUR 100 mn and will be split evenly between the two companies, said Shalaby.

(Source: Enterprise.press)

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