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Tag: IEOC

Eni signs concession agreements for two new exploration blocks in Egypt's Mediterranean shallow waters

Posted: December 28, 2016 at 1:03 pm   /   Oil & Gas

Eni signed two new concession agreements for the North El Hammad and North Ras El Esh, located in the shallow waters in Egyptian Mediterranean Sea, 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 […]

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mop zohr

Minister of Petroleum follows up on development of Zohr field

Posted: December 18, 2016 at 7:24 pm   /   Oil & Gas

Minister of Petroleum and Mineral Resources, Eng. Tarek El Molla, met with the Higher Committee, comprised of the Egyptian General Petroleum Corporation (EGPC), the Egyptian Natural Gas Holding Company (EGAS), Petrobel, and Italy’s Eni, to follow up on the development of the Zohr field project. EGAS Chairman Eng. Mohamed Al-Masry, EGPC Chairman Eng. Tarek El […]

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rosneft

Eni sells 30% stake in Egypt's Zohr field to Rosneft

Posted: December 13, 2016 at 12:12 am   /   Oil & Gas

Italian energy company Eni will sell a 30 percent stake in its giant Egyptian offshore gas field Zohr to Russia’s Rosneft for $1.575 billion, pressing ahead with asset sales to fund investments and offset weak oil prices. Eni, which owns 90 percent of the Shorouk concession containing Zohr, said on Monday that Rosneft would pay […]

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BP

BP buys 10% stake in Eni’s super-giant Zohr gas field offshore Egypt

Posted: November 26, 2016 at 12:26 pm   /   Oil & Gas

BP has agreed to buy 10 percent of Eni’s Shorouk concession offshore Egypt, which includes the giant Zohr gas field, for $375 million, joining other oil majors in increasing bets on the growing gas market. The deal gives Eni much-needed cash as part of its 5 billion euro divestment plan to continue investing and paying […]

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President Sisi approves amendments to Ras El Barr concession agreement between EGPC, Eni and BP

Posted: November 26, 2016 at 12:02 pm   /   Oil & Gas

President Abdel Fatah Al-Sisi issued on Monday an agreement between the Egyptian General Petroleum Corporation (EGPC) and with the Italian Egyptian Oil Company (IEOC), a subsidiary of Eni, and UK’s BP. The deal is regarding explorations in Ras El Barr concession area in Nile Delta. (Source: Ministry of Petroleum)

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Pannelli solari su pozzo in produzione

Eni to implement renewable energy projects in Egypt

Posted: September 30, 2016 at 2:48 pm   /   Renewables

The implementation of renewable energy projects in the country will allow for a reduction in the use of natural gas in electricity generation. Eni and the Egyptian Authorities have agreed on a common strategy to implement a series of renewable energy projects in order to promote the development of a more sustainable energy mix in […]

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BP

BP signs three concession amendments in Egypt

Posted: September 27, 2016 at 8:26 pm   /   Oil & Gas

Partners also celebrate reaching record production for the Nooros field and successful appraisal results from Baltim discovery. BP today announced it has signed with His Excellency the Egyptian Minister of Petroleum, Eng. Tarek El Molla, concession amendments for the Temsah, Ras El Barr and Nile Delta Offshore concessions in Egypt.  These amendments allowed for the […]

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Eni & BP see 3 TCF of gas in place at Great Nooros area offshore Egypt

Posted: September 23, 2016 at 2:10 pm   /   Oil & Gas

The Baltim South West 2X appraisal well, drilled in the Nile Delta, encountered an 86-m net gas column in two sand layers of Messinian age with excellent reservoir characteristics. The results have prompted partners Eni SPA and BP PLC to upgrade the potential of Baltim South West field to 1 tcf of gas in place. […]

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nooros

Eni reaches record production from Nooros field ahead of schedule

Posted: September 13, 2016 at 8:51 pm   /   Oil & Gas

Eni reached a production of 128,000 boed (67,000 net to Eni) from Nooros field in the Nile Delta offshore. This important milestone was achieved just 13 months after the discovery and ahead of schedule. Eni reached a production of 700 million cubic feet of gas per day, corresponding to 128,000 barrels of oil equivalent per […]

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zohr-diagram

Zohr on schedule to produce late 2017

Posted: September 4, 2016 at 12:45 pm   /   Oil & Gas

ENI’S FIFTH ZOHR WELL ‘A SUCCESS’ Italy’s Eni said September 1 it had drilled its fifth well on Egypt’s giant offshore Zohr gas field. Zohr 5x was successfully drilled to a final depth of 4,350 metres, 12 km southwest of the discovery well Zohr 1x and in water depth of 1,538 m. The new well […]

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