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Tag: Noor
egypt-offshore-eni-blocks-sep18

BP buys 25% stake in Eni’s Nour concession offshore Egypt

Posted: December 10, 2018 at 2:01 pm   /   Oil & Gas

BP buys 25% stake in Eni’s Nour concession: BP has acquired a 25% stake in the Nour concession from Eni, according to a statement from Eni. Industry watchers hope the offshore North Sinai concession could be a Zohr-scale discovery. The “transaction is part of a wider business alignment with BP internationally and further strengthens the […]

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Eni Mubadala

Eni sells 20% stake in Noor offshore concession to Mubadala Petroleum

Posted: November 13, 2018 at 4:43 pm   /   Oil & Gas

Eni sells to Mubadala Petroleum a 20% stake in the Nour North Sinai Offshore concession in Egypt. Eni further strengthens its ties with Mubadala Petroleum, building on the successful partnership in the Shorouk concession. The Chief Executive Officer of Petroleum & Petrochemicals, Mubadala Investment Company, and Chairman of Mubadala Petroleum, Musabbeh Al Kaabi, and the […]

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Eni, Tharwa to drill first exploratory well at offshore Noor field

Posted: September 20, 2018 at 1:36 pm   /   Oil & Gas

Italy’s Eni and Egypt’s Tharwa company will drill the first exploratory oil well in Northern Sinai’s offshore Noor field next week, an official at Egypt’s gas company EGAS said on Thursday. Egypt’s cabinet approved in March an agreement to explore the North Sinai region of the Mediterranean Sea. Under the deal, Eni and Tharwa will […]

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Egypt Flag

AOW: Egypt riding the natural gas wave to self sufficiency

Posted: September 8, 2018 at 8:04 pm   /   Oil & Gas

Late in June newspapers heralded the discovery of a significant gas field off the coast of North Sinai. Noor is said to be the largest in the region, three times that of the massive Zohr field, discovered in 2015. According to sources, the Noor field reserves are expected to reach over 90 trillion cubic feet, […]

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Eni

Eni signs new exploration license for Noor area offshore Egypt

Posted: August 14, 2018 at 9:29 pm   /   Oil & Gas

Eni granted new exploration license named “Nour” located in the prolific East Nile Delta Basin of the Mediterranean Sea in Egypt. Eni announces that a new Concession Agreement, aimed at governing an offshore exploration license in the prolific East Nile Delta Basin of the Mediterranean Sea, has received approval by Egyptian authorities. The exploration license, […]

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MOP-Eni-BP

Egypt signs 3 Oil & Gas exploration agreements worth $139.2 million

Posted: August 14, 2018 at 9:13 pm   /   Oil & Gas

Minister of Petroleum and Mineral Resources Tarek el-Molla signed three new oil agreements for the exploration of oil and natural gas in the Mediterranean, Western Desert and Nile Delta regions with investments of $139.2 million. The minister also signed grants of $55 million for drilling 15 new wells, an official statement revealed. The first agreement […]

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Claudio Descalzi Eni

Eni denies talk of major new gas discovery offshore Egypt

Posted: July 3, 2018 at 10:24 pm   /   Oil & Gas

Italian oil and gas group Eni has denied media reports that it has made a major new discovery in Egypt. “There are prospects and new (geological) structures in Egypt but we still haven’t discovered anything…,” Chief Executive Claudio Descalzi told reporters on Monday. He was commenting on the recent reports, including one in the Arab […]

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Eni

Is Eni about to announce another major gas discovery in Egypt?

Posted: June 27, 2018 at 1:43 pm   /   Oil & Gas

Former Minister’s comments hint at another big find. Eni announced Zohr find in 2015. A former Egyptian petroleum minister has caused a stir by suggesting that Italian energy giant Eni is about to announce another massive gas find – three times as big as its existing offshore field. Eni revealed almost three years ago that […]

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Drilling Rig

Tharwa Petroleum prepares to drill in North Sinai’s Noor offshore concession

Posted: May 25, 2018 at 2:23 pm   /   Oil & Gas

Tharwa Petroleum is waiting for final gas exploration approvals to begin drilling in the Noor concession in North Sinai, a company source says. The number of wells to be drilled will be determined once the contracts are signed, they added. The Cabinet had approved earlier this month a USD 105 million exploration agreement with Eni […]

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