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Tuesday, October 13, 2015
ENI was awarded two new concessions offshore Egypt as part of EGAS’ latest licensing round. The company picked up stakes in the North El Hammad and the North Ras El Esh.
ENI will have a 37.5% participating interest and operatorship in North El Hammad, where it partners with BP and Total. On the North Ras El Esh it will have a 50% interest and is partnered with BP who 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 respectively.
These two new concession agreements follow the recent award of the deep water Karawan and North Leil blocks.
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