BP to invest $229 million with Eni and Total in three offshore blocks
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 […]
President Sisi meets Eni's CEO Claudio Descalzi
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 […]
Eni announces details of North El Hammad and North Ras El Esh exploration license awards
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 […]
Results of EGAS Mediterranean Bid Round announced, awards four offshore exploration licenses
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 […]
Eni discovers supergiant gas field offshore Egypt, the largest ever found in the Mediterranean Sea
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 […]
Eni's CEO and Egyptian MOP sign update to Head of Agreement signed last March
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 […]
Eni reports record level of oil production in the Western Desert
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 […]
Eni signs a $5 billion framework agreement for the development of Egypt's oil and gas resources
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 […]