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Tag: IEOC

President Sisi meets Eni's CEO Claudio Descalzi

Posted: October 20, 2015 at 8:04 pm   /   Oil & Gas

The President of the Republic of Egypt, Abdel Fattah Al-Sisi, and Eni’s  Chief Executive Officer, Claudio Descalzi, met in Cairo to discuss Eni’s activities in the country. During the meeting, Eni’s CEO presented to President Al-Sisi the development plan for the Zohr field. The parties confirmed the joint commitment to accelerate the production start-up of […]

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Eni announces details of North El Hammad and North Ras El Esh exploration license awards

Posted: October 12, 2015 at 3:21 pm   /   Oil & Gas

These two new concession agreements follow the recent award of the deep water Karawan and North Leil blocks, strengthening Eni’s presence in Egypt, a country of historic and strategic importance for the Company, and further relaunching its exploration activities after the recent and important successes of Nidoco NW and Zohr. Eni has been awarded with […]

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Results of EGAS Mediterranean Bid Round announced, awards four offshore exploration licenses

Posted: October 6, 2015 at 9:06 pm   /   Oil & Gas

Egypt has awarded four new licences to explore for oil and gas off its Mediterranean coast, weeks after Eni’s giant Zohr gas find piqued fresh international interest in the area. Egypt’s state gas company EGAS said in a statement it had awarded one licence to Britain’s BP and one to Italy’s Edison. A consortium involving […]

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Eni discovers supergiant gas field offshore Egypt, the largest ever found in the Mediterranean Sea

Posted: August 30, 2015 at 9:08 pm   /   Oil & Gas

Eni has made a world class supergiant gas discovery at its Zohr Prospect, in the deep waters of Egypt. The discovery could hold  a potential of 30 trillion cubic feet of lean gas in place covering an area of about 100 square kilometres. Zohr is the largest gas discovery ever made in Egypt and in […]

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Eni's CEO and Egyptian MOP sign update to Head of Agreement signed last March

Posted: July 24, 2015 at 7:12 pm   /   Oil & Gas

Eni’s CEO Claudio Descalzi and the Egyptian Minister of Petroleum Sherif Ismail sign an update to the Head of Agreement signed last March in Sharm el-Sheikh. The Egyptian Minister of Petroleum and Mineral Resources, Sherif Ismail, and Eni’s CEO, Claudio Descalzi, in the presence of the Prime Minister of Egypt, Ibrahim Mahlab, and the Italian […]

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Eni reports record level of oil production in the Western Desert

Posted: April 21, 2015 at 8:30 pm   /   Oil & Gas

In just three years, the company has doubled production in the Western Desert, reaching 70 thousand barrels of oil per day. Eni reached a record level of production of 70 thousand barrels of oil per day in the Western Desert of Egypt, doubling its level of production in the area in just three years. Such […]

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Eni signs a $5 billion framework agreement for the development of Egypt's oil and gas resources

Posted: March 17, 2015 at 8:36 pm   /   Oil & Gas

The Egyptian Minister of Petroleum and Mineral Resources, Sherif Ismail, signed with Eni’s CEO, Claudio Descalzi, a Head of Agreement aimed at the development of the oil and gas resources of the Country while preserving the return of Eni’s investments. The Head of Agreement envisages investments of an estimate 5 billion dollars of total value […]

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