Eni prepare to drill new Mediterranean exploration well at North East Hap’y concession
Eni is preparing to start drilling an exploration well at its Mediterranean North East Hap’y concession in September, Al Mal reports, citing anonymous industry sources. One of the company’s operating companies in Egypt, the Belayim Petroleum Company (Petrobel),will handle the drilling of the Orion X1 well, which is expected to cost USD 130 mn, the newspaper’s sources say. Eni […]
Eni acquires 70% of Edison’s stake in NE Ha’py offshore gas concession
Eni has acquired 70% of Edison’s stake in Block 12 of its Northeast Ha’py natural gas concession in the Mediterranean, an unnamed EGAS source said on Thursday, according to Reuters. The source did not disclose further details on the sale of the block, which Edison won in a 2015 bid round. The acquisition comes as […]
Edison says it has not given up exploration rights in Egypt
Italy’s Edison says it has not given up oil and gas exploration rights in Egypt: Edison, the Italian oil company that is part of France’s EDF, has denied reports in the domestic press (as noted yesterday) that it has forfeited its right to explore for natural gas in the northeastern Hapi and Theqa concessions. “Edison […]
Edison relinquishes its gas exploration rights in two Mediterranean concessions
Italy’s Edison has forfeited its natural gas exploration rights in North East concessions Hapi and Theqa, local news reported. A new international tender for the concessions will be launched next year, an Oil Ministry source said, without specifying a time frame. Edison signed a USD 86 mn agreement with EGAS in January 2017 for E&P […]
Edison to drill at its Mediterranean concessions in 2H2019
Edison to begin drilling exploratory wells in Mediterranean concessions in 2H2019 Italy’s Edison will begin drilling exploratory wells at its North East Hapy and Thekah concessions in 2H2019, Oil Minister Tarek El Molla said. The company’s studies of the concessions show geological structures that indicate there is a “good chance” the areas hold natural gas […]
Edison seeking partner to drill at North East Hapy offshore concession
Italy’s Edison is looking for a partner to begin drilling the first deepwater well at its North East Hapy offshore concession. Drilling costs could surpass USD 100 mn, an unnamed EGAS source tells Al Shorouk. Edison had signed an USD 86 mn agreement with EGAS in January for E&P operations and drilling two new wells […]
Italy's Edison signs agreement for North East Hapy offshore block with $86m investment
Egyptian Natural Gas Holding Company (EGAS) signed a new oil agreement with Italy’s Edison to explore and produce oil and natural gas in North East Hapy area in the Mediterranean Sea. The investments of the agreement are estimated at more than US$86 million and a signature bonus of US$1.5 million , to drill two exploration […]
Edison's Executive VP: Egypt has 16th largest gas reserves
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 […]
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 […]
