Eni awarded two exploration licenses in offshore Egypt
Eni has won exploration licenses for blocks at North El Hammad and North Ras El Esh in offshore Egypt in the Mediterranean Sea.
The two licences were tendered earlier this year by the Egyptian Natural Gas Holding Co.
Eni has been awarded a 37.5% participating interest and operatorship in the 1,389-square-km North El Hammad block, where its partners BP and Total hold 37.5% and 25% interests respectively.
The Italy-headquartered producer has won a 50% participating interest in North Ras El Esh. BP holds the other 50% share and will operate the field, which has an area of 1,927 square km.
Both fields will be managed by Eni’s subsidiary International Egyptian Oil Company (IEOC).
IEOC operates existing fields and production facilities in offshore Egypt in the Temsah area and west of the Baltim block.