Eni awarded two exploration licenses in offshore Egypt

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.

 

Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.

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