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Eni expands Egyptian portfolio

Eni has acquired stakes in two offshore blocks in the Egyptian waters of the Mediterranean Sea. It has taken a 37.5% participating interest and operatorship in North El Hammad, where it partners with BP (37.5%) and Total (25%), and a 50% participating interest in North Ras El Esh, where it partners with BP (50%) which will act as operator. These two new concession agreements follow the recent award of the deepwater Karawan and North Leil blocks and Eni’s recent giant Zohr gas discovery, claimed to be the largest gas discovery in the Mediterranean region to date (see Petroleum Review, October 2015).

News Item details


Journal title: Petroleum Review

Region: Eastern Mediterranean

Countries: Egypt -

Organisation: ENI

Subjects: Offshore oil and gas

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