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Tag: IEOC

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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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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