Eni gains two more shallow water blocks offshore Egypt

Offshore staff

SAN DONATO MILANESE, ItalyEni has signed two new concession agreements for the shallow-water North El Hammad and North Ras El Esh concessions in the Egyptian Mediterranean Sea, awarded under the EGAS 2015 international bid round.

The company operates the North El Hammad block with a 37.5% stake, the same as partner BP. Total, the third participant, has a 25% stake.

The 1,927-sq km (744-sq mi) block is west of the Abu Madi West and Baltim-Baltim South development areas, where Eni brought onstream the Nooros field in August 2015 and which also contains the recent Baltim South West discovery.

In the 1,389-sq km (536-sq mi) North Ras El Esh block operated by BP, southwest of the Temsah and Port Fouad development areas, Eni has a 50% interest.

These awards follow new concession agreements for the company covering the deepwater Egyptian Shorouk, Karawan and North Leil blocks.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...