How Eni bet big and won big on Natural Gas off Egypt
A drilling ship working about 120 miles off the Egyptian coast for Eni, the Italian oil company based here, bored into a giant trove of natural gas in July 2015 that turned out to be the largest discovery ever in the Mediterranean Sea and by far the largest by the global petroleum industry that year. […]
Eni completes drilling of 6th Zohr deepwater well
Production tests confirmed reserves increase to more than 30tn cubic feet of gas, says source. The Italian company Eni completed drilling operations in the sixth well in Zohr gas field in the deepwater offshore of the Mediterranean Sea as production tests on its fifth well confirmed that reserves increased to 30tn cubic feet of gas. […]
Shell investments in FY 2015-16 increased by 15% to reach $450 million
Royal Dutch Shell has increased its investments in Egypt by 15% y-o-y to reach USD 450 mn, during FY 2015-2016, Oil Minister Tarek El Molla following a meeting with Andrew Brown, Shell’s global upstream director, Ahram Gate reported. Brown, who is visiting Egypt, added that the oil company sees promising investment opportunities in Egypt, particularly […]
Low prices trump Greece-Egypt-Cyprus political energy deal hopes
Greek Prime Minister Alexis Tsipras plans to visit Cairo on October 11 to take part in trilateral talks with Cyprus President Nicos Anastasiades and Egypt’s President Abdel Fattah Al Sisi. “I see these trilateral meetings very useful politically. In the longer term I hope these will lead to wider cooperation in the East Med,” Cyprus […]
Shell reduces investment in Burullus, Rashid concessions to $158.9 million in operating expenses
Daily decline rate 10m feet of gas at the company’s concession and there’s no production increase. Royal Dutch Shell reduced its investments for the current fiscal year (FY) in Burullus and Rashid concessions to only $158.9m for maintenance and operating expenses. A source within the petroleum sector told Daily News Egypt that the company allocated […]
Nexans umbilicals to make essential subsea connection for BP & DEA in Egypt’s West Nile Delta project
Nexans has further extended its long run of success with BP oil & gas projects by winning a major contract to supply approximately 100 km of umbilicals for the next stage of the West Nile Delta project. BP Exploration (Delta) Limited, UK has ordered approximately 100 km of static umbilicals and associated accessories from Nexans […]
Egypt: The Eastern Mediterranean's Next Natural Gas Hub?
On Aug. 31, Egypt and Cyprus signed a preliminary deal for an underwater pipeline. For Egypt, the deal is part of a broader strategy to position itself as a hub of energy development and consumption. • The eastern Mediterranean will attract great interest from international oil and natural gas companies over the next decade. • […]
Zohr on schedule to produce late 2017
ENI’S FIFTH ZOHR WELL ‘A SUCCESS’ Italy’s Eni said September 1 it had drilled its fifth well on Egypt’s giant offshore Zohr gas field. Zohr 5x was successfully drilled to a final depth of 4,350 metres, 12 km southwest of the discovery well Zohr 1x and in water depth of 1,538 m. The new well […]
Eni successfully drilled and tested Zohr 5x well
Eni successfully drilled Zohr 5x, the fifth well on Zohr structure, which confirmed the potential of the field at 30 Tcf OGIP. Eni informs that Zohr 5x, the fifth well on Zohr structure has been successfully drilled to the final TD of 4,350 m. The Zohr 5x well is located in 1,538 m of water […]
Eni plans to raise Nooros production to 180 mcf/d by mid-September
Eni plans to bring gas production at Nooros field to 180 mcf/d by mid-September after connecting three of the field’s wells to the national grid, Al Borsa reports. Gas production from the field is expected to reach 700 mcf/d by year’s end, said a source from EGAS. (Source: Enterprise.press)