Because Egypt will rely on Eni
In Egypt, Eni was awarded five new exploration licenses by the Ministry of Petroleum. All the details in the article by Energia Oltre
Eni has been awarded five new exploration licenses by the Egyptian Ministry of Petroleum, four of which as Operator, in the Egyptian offshore and onshore, following the positive participation in the previously announced "Egypt International Bid Round for Petroleum Exploration and Exploitation" 2021. from the Egyptian General Petroleum Corporation and the Egyptian Natural Gas Holding Company through the Egypt Exploration and Production Gateway.
WHERE ARE THE NEW ENI LICENSES
The licenses are located in the Eastern Mediterranean (Block "EGY-MED-E5" in partnership with BP 50% -50% and Block "EGY-MED-E6" IEOC 100%), in the Gulf of Suez (Block "EGY-GOS- 13 ”IEOC 100%) and in the Western Desert (Blocks“ Egy-WD-7 ”in partnership with APEX 50% -50% and“ EGY-WD-9 ”IEOC 100%) with a total area of approximately 8,410 sq km. The licenses are located within prolific basins with a proven oil geological context capable of generating liquid and gaseous hydrocarbons, and can also count on nearby production and processing plants, as well as a demanding market that will allow rapid exploitation of potential discoveries. exploratory.
ENI'S STRATEGY IN EGYPT
"These results are in line with Eni 's strategy to continue exploring and producing gas to support the Egyptian domestic market and contribute to the export of LNG, thanks to the recent restart of the Damietta LNG plant", Eni announced in a Note.
ENI IN EGYPT SINCE 1954
Eni has been present in Egypt since 1954 and is currently the main producer in the country with an equity production of hydrocarbons equal to approximately 350,000 barrels of oil equivalent per day.
Article published on energiaoltre.it
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/energia/perche-egitto-si-affidera-eni/ on Mon, 10 Jan 2022 14:47:31 +0000.