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Tag: Mediterranean

Eni's Chief Exploration Officer: New wells tested in the Noras field

Posted: May 10, 2016 at 7:11 pm   /   Oil & Gas

Data from west of Abo Madi revealed that there may be a presence of gas in the area. The Italian company Eni has carried out two exploration expeditions of natural gas in 2015. The explorations were conducted in the Noras field in the shallow waters of the Nile Delta, and the Zohr field in the […]

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Edison's Executive VP: Egypt has 16th largest gas reserves

Posted: May 10, 2016 at 7:03 pm   /   Oil & Gas

Egypt has the potential to become a regional center in the Mediterranean due to its strategic location, infrastructure and qualified ports for the export and import of oil and gas”, says Nicola Monti, Executive Vice President – Exploration & Production, Edison. Egypt has the 16th largest gas reserves and is the 15th largest producer of […]

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Eni to increase Zohr field gas production to 2 billion cubic feet per day by end of 2019

Posted: May 10, 2016 at 12:18 pm   /   Oil & Gas

From 2037, gas production will gradually decline down to 1 billion feet per day. The Italian company Eni has started to gradually link the extracted gas from Zohr field to the national grid in order for production to reach 1bn cubic feet of gas daily by 2018, which will then be doubled to 2bn by […]

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Infographic: The Mediterranean gas hub (ABO Oil Magazine)

Posted: May 7, 2016 at 12:16 pm   /   Oil & Gas

The eastern Mediterranean could become a new gas hub. The potential of recent gas discoveries in the area is truly significant and could rewrite both the political and energy future of the entire region. Europe is also watching the development of these gas fields with interest: the need for gas imports to Europe in 2030 […]

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A wealth under the sea (ABO Oil Magazine)

Posted: May 7, 2016 at 12:14 pm   /   Oil & Gas

By Luca Bertelli, Chief Exploration Officer – Eni The Levantine Basin, in the eastern Mediterranean, covers the territorial waters of various countries (Egypt, Israel, Lebanon, Cyprus, and Syria) and an area of approximately 80,000 km2. From a geological point of view, the basin borders to the South with the wide sedimentary Nile Cone, to the […]

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OTC 2016: Onshore and offshore exploration success puts Egypt in spotlight

Posted: May 6, 2016 at 8:07 pm   /   Oil & Gas

Hopes are momentum generated will keep the country on companies’ radars despite today’s market conditions. Egypt’s energy sector has come a long way in five years, resetting itself from unstable to energized with the gigantic Zohr discovery and Apache Corp.’s success in the Ptah and Berenice fields attracting attention to the country’s onshore and offshore […]

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Eni plans a further exploration well at Zohr to target deeper horizon

Posted: May 5, 2016 at 8:11 pm   /   Oil & Gas

Eni plans a further exploration well at Zohr to target deeper horizon identified on seismic data. Eni was awarded the Shorouk Offshore licence in January 2014 as part of the 2012 EGAS licensing round. The acreage had previously been part of the large NEMED block, operated by Shell. Shell shot 7,183 km2 of 3D seismic […]

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OTC 2016: Egypt eyes free-market future as gas demand requires more development

Posted: May 5, 2016 at 12:07 am   /   Oil & Gas

The recent Zohr discovery in Egypt’s Mediterranean basin has given the country an impetus to further its move to an open oil economy, according Minister Tarek Elmolla of Egypt’s Petroleum and Mineral Resources Ministry. Among paying down its debt, reforming its subsidy programs, and adjusting natural gas prices, “attracting foreign investment is one of our […]

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Apache, BP and others expand in emerging Egypt

Posted: May 4, 2016 at 1:23 pm   /   Oil & Gas

Houston-based Apache Corp. focused on growing in U.S. shale plays and selling most of its international holdings. But now that the oil bust is in full bloom, especially in North America, Apache’s chief executive is glad the company held onto its assets in Egypt. “In a sub-$50 oil world, the international assets really shine through,” […]

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OTC 2016: Egypt posed for growth to meet growing energy demands

Posted: May 4, 2016 at 1:33 am   /   Oil & Gas

As Egypt’s dependency on gas increases, particularly electricity, the country is in the midst of restructuring to meet its energy demands as well as becoming a regional energy hub, commented Tarek El Molla, Egypt’s Minister of Petroleum and Mineral Resources, at the Offshore Technology Conference (OTC) 2016. The minister shed light on several investment opportunities, […]

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