Egypt

Egypt signs three offshore oil and gas deals for mediterranean blocks

December 30, 2016 | Egypt, Licensing & Concessions

Cairo, Egypt |  – Egyptian Oil Minister Tarek El Molla has signed three offshore oil and gas E&P deals worth a total of at least $220 million with France’s Total, Britain’s BP Plc and Italian oil major Eni’s Egyptian subsidiary IEOC, the ministry said on Dec. 27. The deals include drilling for six wells and a signing bonus of $9 million, the ministry said in a statement, and are the result of a tender called by Egyptian state gas board EGAS. They are all in …

Eni achieves record gas production at offshore Nooros field in Egypt

September 14, 2016 | Company Operations, Egypt

London, UK | – Italian company Eni has reached a production level of 700 million cubic feet of gas per day from Nooros field in the Nile Delta offshore region off the coast of Egypt. The field was discovered in Egypt in July last year and put into production in September. Eni said that the production is currently guaranteed by seven wells. Going forward, the company plans to drill additional wells, and the Nooros field is expected to reach a maximum production capacity of around 160,000boed …

Eni invests $4 billion in Egypt’s Zohr gas production processing plant

August 15, 2016 | Budget & Investment, Egypt

Cairo, Egypt | – Italian multinational oil company Eni invested $3.5-4bn in implementing the Zohr natural gas production processing plant at a capacity of 2.7bn cubic feet of gas per day. Minister of Petroleum and Mineral Resources Tarek El-Molla told news reporters in Cairo that the total investments in Zohr field are estimated at $12bn until the point when production begins. Investments will then increase to $16bn over the life of the field. El-Molla explained that the company is currently working to facilitate the production …

Russia’s Rosneft receives $15.6million for its first ever LNG supply to Egypt

August 15, 2016 | Egypt, LNG & LPG

The gas was delivered by the Golar Ice tanker to the port of Ain Sukhna Moscow, Russia | –  Russian Federation  state-owned oil company Rosneft has received 1 billion rubles ($15.6 million) for its first ever supply of liquefied natural gas (LNG) to Egypt under the contract with Egyptian Natural Gas, the company said in a report. “In May 2016, the company delivered its first lot of LNG under the contract with the Egyptian Natural Gas Holding Company signed in August 2015. The lot’s volume …

BP, Eni confirm new ‘significant’ gas discovery in Egypt’s Mediterranean

June 10, 2016 | Egypt, Exploration / Discoveries

London, UK | – British multinational oil and gas company, BP Plc and Italy’s energy giant Eni announced a “significant” gas discovery off the coast of Egypt on Thursday. The new discovery in Baltim South West area is jointly owned by both companies, Eni said in a press release on Thursday. The Baltim South West well is located 12 kilometres from the coast, 25 metres deep, and 10 kilometres north of the Nooros field. “Baltim South West discovery further confirms the significant potential of the so …

Apache, Shell target Egypt for unconventional gas in June

March 15, 2016 | Egypt, Unconventionals

London, UK | – Apache Corporation  and Royal Dutch Shell plan to commence producing unconventional gas from their joint venture in Egypt’s Western Desert by the end of June even as Apache is cutting investment in the nation because of falling oil prices. Apache and Shell will start drilling the North African country’s first unconventional gas well in a pilot project by the end of March, Apache Egypt Region V.P. and General Manager Thomas Maher said in an interview in Cairo. Apache and Shell will …

Italy’s Eni expects up to 51,000 bpd in new Egypt discovery

February 27, 2016 | Egypt, Exploration / Discoveries

London, UK | – Italian international oil major Eni announced Friday it successfully drilled the Nidoco North 1X well, in the exploration prospect of “Nooros East”, located in the Abu Madi West license, in the Nile Delta, Egypt. It also said that the new find start up is expected by the end of March 2016 and will allow the Nooros area, which started production in September 2015, just two months after the initial Nooros discovery, to reach a production of approximately 45,000 barrels of oil …

Eni, BP win oil block licenses offshore Egypt in 2015 bid round

October 13, 2015 | Egypt, Licensing & Concessions

London, UK | – Eni SPA and BP PLC have been awarded exploration rights to the 1,927-sq-km Block 4 and 1,389-sq-km Block 7 offshore Egypt following the state-run Egyptian Natural Gas Holding Co. (EGAS)’s  2015 bid round. BP will operate Block 4, or North Ras El Esh, where interest is split 50-50 between BP and Eni. Eni will operate Block 7, known as North El Hammad, with 37.5% interest while BP will have 37.5%. Total SA is the third partner for Block 7, holding 25%. …