Petroleum Africa
Find us on: 
Thursday, September 25, 2014
ENI was the successful bidder on three new exploration licenses in Egypt as a result of the competitive 2013 EGPC and EGAS bid rounds. The new licenses will be formally awarded soon, after the ratification and finalization of the Concession Agreements.
As a result of the EGPC bid round, ENI has been awarded a 100% participating interest and operatorship of the onshore block South-West Melehia. The block is located in Egypt’s Western desert, near the Melehia Development Lease, in which the company has a participating interest. The new license covers an area of 2,058 sq km.
As a result of the EGAS bid round, ENI will become the operator of Block 9 and Block 8, located in deep offshore waters of the Mediterranean Sea, near the boundary with Cypriot waters. ENI will hold 100% equity in Block 9, also named North Leil Offshore, which covers an area of 5,105 sq km in water depths ranging from 2,100 to 2,800 meters.
In Block 8, also named Karawan Offshore ENI will be partner with BP, with both companies holding a 50% equity interest. This license covers an area of 4,565 sq km in water depths ranging from 2,000 to 2,500 meters.
Claudio Descalzi, ENI’s CEO, said: “I am very pleased with the acquisition of these new exploration permits which further strengthens our presence in Egypt, a historically and strategically important country for ENI.‘
In the last months, ENI has entered into several new holdings, including in South Africa.
" alt="First LNG Realized at the Greater Tortue Ahmeyim Project">
" alt="United Energy Acquires Western Desert Producer APEX">
" alt="Baker Hughes Announces Major Gas Technology Orders for Venture Global LNG">
" alt="ReconAfrica: Naingopo Results Demonstrate a Working Petroleum System">
" alt="Tullow Highlights 2025 Operational Plans in Ghana">
" alt="TotalEnergies to Supply 1.5 TWh to STMicroelectronics in France Over 15 years">
" alt="Rockhopper Reaches Final Settlement with United on Egypt’s Abu Sennan Concession">
" alt="Oil & Gas Crucial for African Growth: AEC Calls for Industry Support to Defend African Market">
