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Tag: Zohr field

Eni CEO briefs President of Egypt on Zohr, Nooros progress

Posted: January 6, 2017 at 12:11 pm   /   Oil & Gas

Eni’s CEO Claudio Descalzi on Wednesday met Egypt’s President Abdel Fattah el-Sisi, and briefed him about the company’s offshore projects in the country. According to Eni, during the meeting, Descalzi reviewed with el-Sisi the ongoing development activities of the giant Zohr field in the Mediterranean. The ultra-fast track project is progressing in line with the […]

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Eni’s CEO meets Egyptian President, confirms Zohr production expected before end of 2017

Posted: January 5, 2017 at 7:57 pm   /   Oil & Gas

The President of the Republic of Egypt, Abdel Fattah el-Sisi, and Eni’s Chief Executive Officer, Claudio Descalzi reviewed the extensive activity performed by Eni in Egypt with particular attention to the ongoing development activities of the Zohr field and with specific mention to the Nooros development which will produce about 25 MSCM/d (172,000 boepd) by […]

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Eni signs concession agreements for two new exploration blocks in Egypt's Mediterranean shallow waters

Posted: December 28, 2016 at 1:03 pm   /   Oil & Gas

Eni signed two new concession agreements for the North El Hammad and North Ras El Esh, located in the shallow waters in Egyptian Mediterranean Sea, as a result of the EGAS 2015 international bid round. Eni is the operator of the North El Hammad block with an equity of 37.5% in participation with BP, who […]

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Eni agrees with government to export part of Zohr field production via Damietta processing plant

Posted: December 19, 2016 at 4:10 pm   /   Oil & Gas

Eni has reached an agreement with the government to export some of the gas produced from the Shorouk concession’s Zohr gas field through the processing plant in Damietta, Al Borsa reported. Eni is planning a ground pipeline connecting the Zohr field to the plant, from which the gas would then be exported to Europe, the […]

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Minister of Petroleum follows up on development of Zohr field

Posted: December 18, 2016 at 7:24 pm   /   Oil & Gas

Minister of Petroleum and Mineral Resources, Eng. Tarek El Molla, met with the Higher Committee, comprised of the Egyptian General Petroleum Corporation (EGPC), the Egyptian Natural Gas Holding Company (EGAS), Petrobel, and Italy’s Eni, to follow up on the development of the Zohr field project. EGAS Chairman Eng. Mohamed Al-Masry, EGPC Chairman Eng. Tarek El […]

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Is Rosneft looking to build a pipeline to export gas from Zohr to Europe?

Posted: December 16, 2016 at 3:11 pm   /   Oil & Gas

There is speculation in the Russian media this week about whether Rosneft is planning a pipeline to export gas from the Zohr field to Europe. Russia’s Economy Today (Russian) quotes energy analyst Igor Yushkov from that country’s National Energy Security Fund as saying that Rosneft’s acquisition of a 30% participating interest in Eni’s Shorouk offshore […]

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Video: #theEnimodel: Hitting Zohr (Eni)

Posted: December 16, 2016 at 2:45 pm   /   Oil & Gas

We continue to evolve thanks in part to projects such as Zohr, the largest gas field in the Mediterranean Sea. Our success is driven by innovation, passion and expertise. (Source: Eni)

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Eni received government approval prior to selling Zohr stake to Rosneft

Posted: December 14, 2016 at 4:10 pm   /   Oil & Gas

Eni obtained approval from the Egyptian government before moving forward with selling a stake of the Shorouk concession, which contains the Zohr field, to Rosneft, a company representative told Al Borsa. The source also added that the sale is exempt from value-added tax as per the concession agreement. (Source: Enterprise.press)

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Bloomberg: Rosneft snaps up stake in Eni’s giant Egyptian gas discovery

Posted: December 13, 2016 at 12:22 am   /   Oil & Gas

• Company buys 30% of Shorouk concession, has option for 5% more. • Russian energy producer values deal at as much as $2.8 billion. Rosneft PJSC agreed to buy as much as 35 percent of a natural-gas project off Egypt, joining Eni SpA and BP Plc in the largest discovery in the Mediterranean Sea. The […]

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Eni sells 30% stake in Egypt's Zohr field to Rosneft

Posted: December 13, 2016 at 12:12 am   /   Oil & Gas

Italian energy company Eni will sell a 30 percent stake in its giant Egyptian offshore gas field Zohr to Russia’s Rosneft for $1.575 billion, pressing ahead with asset sales to fund investments and offset weak oil prices. Eni, which owns 90 percent of the Shorouk concession containing Zohr, said on Monday that Rosneft would pay […]

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