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Tag: IEOC

Petrobel to increase Nooros field production to 700 mcf/d in September

Posted: July 14, 2016 at 4:09 pm   /   Oil & Gas

The Nooros field production is expected to increase to 700 mcf/d following the completion of drilling by September, field general manager Hassan Fouad told Al Borsa. The Nooros field is an important gas discovery owned by Eni and BP, and was drilled by Petrobel, a joint venture between Eni subsidiary IEOC and EGPC. Current Nooros […]

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BP, Eni announce significant new gas discovery in Egypt’s East Nile Delta

Posted: June 9, 2016 at 5:39 pm   /   Oil & Gas

BP Egypt announced today another important gas discovery in the Baltim South Development Lease in the East Nile Delta, in the Eastern Mediterranean offshore. The Baltim SW-1 exploration well, drilled in water depth of 25 metres by operator IEOC (Eni), reached a total depth of 3750 metres depth and penetrated approximately 62 metres of net […]

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Nooros fast-track development in Egypt achieves production milestone less than one year after discovery

Posted: May 13, 2016 at 1:27 pm   /   Oil & Gas

BP confirmed production ramp up from the Nidoco North 1X exploration well and the Nidoco North West 4 development well in the Nooros field, located in Abu Madi West concession in the Nile Delta, Egypt. BP holds a 25% stake in the concession of Abu Madi West, and Eni, through its subsidiary IEOC, holds 75%. […]

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Eni's production reaches 65,000 boed with Nooros field just 10 months after discovery

Posted: May 11, 2016 at 9:01 pm   /   Oil & Gas

Eni, following the start of production of the Nidoco North 1X exploration well and the Nidoco North West 4 development well, brought the production of Nooros field,  to around 65,000 barrels of oil equivalent per day. This new milestone is achieved in just 10 months of discovery. Eni, following the start of production of the […]

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Eni advances plans for Zohr gas processing plant

Posted: April 30, 2016 at 12:18 pm   /   Oil & Gas

Eni SPA is moving forward with plans to build the first of two natural gas plants in Egypt as part of its program to increase processing capacity for gas from its deepwater Zohr development in the Mediterranean offshore Shorouk concession. Construction is already under way on the planned processing plant and associated gathering installations in […]

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Egypt – The opportunity to become a crucial regional energy hub: Self Sufficiency by 2020 (ABO Oil)

Posted: April 29, 2016 at 1:13 pm   /   Oil & Gas

According to Tareq al-Mulla, Minister of Petroleum and Mineral Resources, the start of production at new natural gas fields, led by Zohr—planned for 2017—offers the opportunity to achieve this goal. Tareq al-Mulla has been Egypt’s Minister of Petroleum and Mineral Resources since September 19, 2015, when his predecessor, Sherif Ismail, was appointed Prime Minister. He […]

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Fall of oil price pushes EGPC to halt tender for new exploration

Posted: January 10, 2016 at 7:57 pm   /   Oil & Gas

The price of Brent on international markets recorded $34.4 on Wednesday and reached a maximum of $45 in November. The Egyptian General Petroleum Corporation (EGPC) postponed offering new exploration tenders for oil and gas for foreign companies in ten areas until prices of Brent oil stabilise in international markets, instead of offering tenders early in […]

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Eni signs new concession and amendment agreements for petroleum exploration in Egypt

Posted: November 13, 2015 at 2:00 pm   /   Oil & Gas

Eni signed a new concession and three amendment agreements in Egypt which will lead to the realization of projects to be implemented in the next 4 years. Eni signed with the Egyptian Government three amendments for the IEOC concessions of “Sinai 12 and Abu Madi”, “North Port Said” and “Baltim”, which is in partnership with […]

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Eni starts new production from "near field" discoveries in the Nile Delta and the Western Desert

Posted: October 30, 2015 at 3:04 pm   /   Oil & Gas

Eni announces the success of the Nidoco North West 3 well drilling in the Nooros exploration prospect, located in the Abu Madi West license in the Nile Delta, which is estimated to contain about 15 billion standard cubic meters of gas. Eni announces the success of the “Nidoco North West 3” well drilling, appraisal of […]

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BP to invest $229 million with Eni and Total in three offshore blocks

Posted: October 22, 2015 at 3:50 pm   /   Oil & Gas

BP Plc said it had been awarded three new offshore exploration blocks in Egypt and that it and its partners had committed to investment of $229 million. BP said it would have 100 percent equity and operate the North El Tabya block, located in deep waters north of its recent Salamat and Atoll discoveries. The […]

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