MILAN, Italy – Eni has released more details about its two new Mediterranean exploration licenses offshore Egypt. As a result of the 2015 EGAS bidding, Eni has won the North El Hammad and North Ras El Esh licenses.
Eni has 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.
The two blocks, which will be managed by Eni’s subsidiary IEOC, are in the shallow waters of the Mediterranean Sea, facing the Nile Delta and located southwest of the Temsah area and west of the Baltim area, where Eni operates existing fields and production facilities.
The North El Hammad and North Ras El Esh blocks cover areas of 1,389 and 1,927 sq km (536 and 744 sq mi), respectively.
Share your news with Offshore at firstname.lastname@example.org