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Tag: Natural Gas

Eni successfully drilled and tested Zohr 5x well

Posted: September 1, 2016 at 9:52 pm   /   Oil & Gas

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 […]

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Shell announces new gas discovery in Egypt's Western Desert with 500bcf estimated reserves

Posted: September 1, 2016 at 9:46 pm   /   Oil & Gas

Royal Dutch Shell has discovered a new gas field (PTI – 2) in the Alam El-Shawish concession area in the western desert. The new natural gas field has reserves of about 500bn cubic feet of natural gas. Aidan Murphy, Shell Egypt country chairperson, said that his company has gained rights to explore this area for […]

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Eni plans to raise Nooros production to 180 mcf/d by mid-September

Posted: August 24, 2016 at 7:13 pm   /   Oil & Gas

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)

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Egypt Discovery Transforms Petroleum Outlook in Eastern Mediterranean

Posted: August 19, 2016 at 1:16 am   /   Oil & Gas

Egypt is in a different league than its neighbors in the Eastern Mediterranean when it comes to oil and gas exploration. Op-Ed by Carole Nakhle The Lebanese Center for Policy Studies. When it comes to oil and gas exploration and production, Egypt is in a different league than its neighbors in the Eastern Mediterranean. Its […]

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Eni CEO Claudio Descalzi: Egypt can be one of the solutions for European energy security

Posted: August 5, 2016 at 10:09 pm   /   Oil & Gas

The following is a condensed and edited interview with Eni CEO Claudio Descalzi from Bloomberg Businessweek. How have you responded to the sharp decline in crude oil prices? Fortunately we had a strategy to own conventional assets, which means a very low cost and very low break-even price. At the moment we have one of […]

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BP, Edison & Total reportedly interested in Zohr stake

Posted: August 4, 2016 at 2:13 pm   /   Oil & Gas

BP, Edison and Total have reportedly expressed interest in acquiring a stake in Eni’s Zohr field, sources told Al Mal. The three companies are seeking technical information about the field and some have already begun negotiations with Eni, the source added. Eni could be looking to sell around a 40% stake in the field for […]

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GASCO to hire domestic companies for transporting natural gas from Raven field to Western Desert Gas Complex

Posted: August 2, 2016 at 2:08 pm   /   Oil & Gas

The Egyptian Natural Gas Company (GASCO) could potentially hire domestic energy companies such as Enppi and Petrojet to provide technical support as well as engineering and design services to transport gas from the Raven field in the North Alexandria Concession to the Western Desert Gas Complex, an unnamed source told Al Mal. Natural gas would […]

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Eni, BP target daily production of 350m cubic feet of gas from South Baltim field

Posted: July 31, 2016 at 7:51 pm   /   Oil & Gas

Six wells will be linked from the new discovery to the national grid by the end of 2016/2017, says source. The Italian oil company Eni and British BP will target the production of 350m cubic feet per day of gas from the discovery in South Baltim (east of the Nile Delta) by the end of […]

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GASCO studies investing $500 million in Western Desert Gas Complex

Posted: July 26, 2016 at 12:50 pm   /   Oil & Gas

The Egyptian Natural Gas Company (GASCO) is studying investing USD 500 million in the second phase of the project to increase the production of the ethane-propane mix from the Western Desert Gas Complex, Al Shorouk reported. The company is also studying a project to transport natural gas from the Raven field in the North Alexandria […]

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EGAS awards contracts for 11 LNG shipments between June and August

Posted: July 25, 2016 at 12:39 pm   /   Oil & Gas

Trafigura, Royal Dutch Shell, Rosneft, and PetroChina were awarded tenders to supply EGAS with a total of 11 LNG shipments between the months of June and August, sources told Al Borsa. Trafigura is supplying five shipments, followed by Shell with three, Rosneft with two, and PetroChina with one. As previously reported, EGAS has issued a […]

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