Eni: New gas discovery in the Mediterranean Sea offshore Egypt - ENI

01 JULY 2020 11:00 AM CEST

Eni have successfully drilled the first exploration well in the North El Hammad license, in the conventional Egyptian waters of the Nile Delta, on the prospect called Bashrush. The discovery further extends to the west the gas potential of the Abu Madi formation reservoirs discovered and produced from the so-called "Great Nooros Area".

San Donato Milanese (Milan), 1 July 2020 - Eni (as the Operator of the Block), BP and Total (as Contractor members) have successfully drilled the first exploration well in the North El Hammad license, in the conventional Egyptian waters of the Nile Delta, on the prospect called Bashrush.

The new discovery is located in 22 meters of water depth, 11 km from the coast and 12 km North-West from the Nooros field and about 1 km west of the Baltim South West field, both already in production.

Total, Eni, BP start exploration program in North El Hammad offshore Egypt - ENERGY EGYPT / AMWAL AL GHAD

June 8, 2017

Total, Eni’s Egyptian subsidiary IEOC, and BP have commenced a gas and oil exploration program in the North El Hammad block, located in the conventional offshore of the Mediterranean Sea. The program aims to explore more fields in the area in order to increase Egypt’s oil and natural gas domestic.

Natural gas and oil exploration programs implemented by international companies encourage foreign investments in the sector, stated the Egyptian Minister of Petroleum Tarek El Molla during his meeting with Total E&P Egypt’s Managing Director Jean-Pascal Clémençon and Elias Kassis Vice President of North Africa Region.

Oil Minister meets with IOC delegations - ENTERPRISE / AL SHOROUK

Sunday, 19 February 2017

Oil Minister Tarek El Molla met with delegations from several international oil companies, including France’s Total and the French Institute of Petroleum (IFP Energies nouvelles, IFPEN), to discuss increasing the scope of their Egyptian investments, Al Shorouk says.

Total are looking to increase investments at their North El Hammad concession, he said, while the French Institute of Petroleum are interested in entering the Egyptian market. Additionally, Halliburton confirmed they are committed to their operations in technology, training, and increasing machinery efficiency.

Eni furthers Mediterranean exploration - OIL & GAS JOURNAL

01/09/2017

Houston, by OGJ editors

Eni SPA is advancing exploration in the Mediterranean in the Contract Area D offshore Libya. The company spudded its B1-16/3 well on Jan. 4 in 518 ft of water about 140 km northwest of Tripoli and 5 km north of Bahr Essalam gas field. The 9,865-ft well’s primary objective is the Metlaoui group reservoir, the company said. Drilling is expected to take 64 days.

Eni was granted the license by Libya National Oil Corp. in June 2008.

Eni late last month signed concession agreements for the North El Hammad and North Ras El Esh exploration blocks in the Egyptian Mediterranean. Both shallow-water blocks were awarded in the 2015 Egyptian Natural Gas Holding Co.’s (EGAS) international bid round (OGJ Online Oct. 12, 2015).

The two agreements follow the recently awarded blocks of Southwest Meleiha (in the Western Desert), Shorouk, Karawan, and North Leil (in the deep water of the Egyptian Mediterranean).

North El Hammad lies west of the Abu Madi West and Baltim-Baltim South development areas, where Eni recently made the Nooros discovery, which has been in production since August 2015 (OGJ Online, Sep. 12, 2016).

Eni is the operator of the North El Hammad block with an equity of 37.5% in participation with BP PLC, who has a 37.5% stake, and Total 25%. Eni holds 50% interest in North Ras El Esh block, which is operated by BP with 50%.

SOURCE

ENI chief meets Al-Sisi as tensions ease - NATURAL GAS WORLD

Rosneft and BP have an add'l 5% option each on Shorouk

January 05th, 20179:15am

Mark Smedley

Eni said late January 4 that its CEO Claudio Descalzi met the president of Egypt Abdel Fattah el-Sisi, earlier that day in Cairo.

Descalzi reviewed the ongoing development of the giant Zohr gasfield with the president, noting that the ultra-fast track project is progressing as expected, still with “production start-up confirmed by end of 2017.” The Eni CEO also said that the Nooros field will produce some 25mn m³/d (882mn ft³/d, or 172,000 barrels of oil equivalent/day) by the end of this month, just 15 months after start-up.

Eni agreed late 2016 to farm out potentially up to 50% of Zohr to Rosneft and BP. Each has an option for another 5% on top of their 30% and 10% holdings respectively.

The President of Egypt Abdel Fattah el-Sisi meets Eni’s CEO Claudio Descalzi - ENI

04/01/2017 18:39

Cairo (Egypt), January 4, 2017 - The President of the Republic of Egypt, Abdel Fattah el-Sisi, and Eni’s Chief Executive Officer, Claudio Descalzi, met today in Cairo.

The meeting was an opportunity to review the extensive activity performed by Eni in Egypt, with a total investment in the country in 2016 of $ 2.7 bn.

During the meeting, Mr Descalzi reviewed with President el-Sisi the ongoing development activities of the Zohr field. The ultra-fast track project is progressing in line with the expectations, and the production startup is confirmed by end of 2017.

Egypt signs $220 mln of oil and gas deals - REUTERS

Wed Dec 28, 2016 | 11:00am GMT

Reporting by Ahmed Aboulenein; Editing by Giles Elgood and Mark Potter

Egyptian Oil Minister Tarek El Molla has signed three offshore oil and gas exploration and production deals worth a total of at least $220 million with France's Total, Britain's BP, and Italian oil major ENI's Egyptian subsidiary IEOC, the ministry said on Wednesday.

The deals include drilling for six wells and a signing bonus of $9 million, the ministry said in a statement, and are the result of a tender called by Egyptian state gas board EGAS. They are all in exploration blocks in the Egyptian Mediterranean Sea.

The first deal, with a consortium of BP and IEOC, is worth $75 million for an exploration block in the North Ras El Esh block; the second, with a consortium of all three companies, is in the North El Hammad block and is worth $80 million, and the third, with BP alone, is in the [North El Tabya] block and worth $65 million.

Italy's Eni signs 2 new gas exploration deals with Egypt - AHRAM ONLINE

Tuesday 27 Dec 2016

Italy’s Eni, one of the leading global oil and gas companies, signed on Tuesday two new concession agreements with the Egyptian government for gas exploration in two fields of “North El-Hammad and North Ras El-Esh, located in the shallow waters of the Egyptian Mediterranean Sea,” according to the group’s website.

For the North El-Hammad block, Eni has a stake of 37.5 percent, while the remaining equities are owned by BP and Total, the Italian company said.

However, Eni has a 50 percent participation stake in the North Ras El-Esh block, which is operated by BP with an equity of 50 percent.

Eni in US$2 billion Egypt investment | OE Offshore Engineer

Eni in US$2 billion Egypt investment

Written by  Melissa Sustaita Thursday, 12 November 2015 09:27

• Print 
• Email

Italian giant Eni and the Egyptian Government entered into an agreement for three amendments for the IEOC concessions, both onshore and offshore Egypt that will see the Italian giant make an additional investment of more than US$2 billion in the next four years.

Image from ENI

The government granted Eni amendments for two offshore areas: North Port Said in the Mediterranean, and Baltim in partnership with BP, offshore Nile Delta. Eni also signed a new concession agreement with France’s ENGIE for Ashrafi in the Gulf of Suez.

“The agreements will lead to investment for more than $2 billion for the realization of projects to be implemented in the next four years and will contribute effectively to the increasing energy needs of Egyptian local demand,” Eni said in a statement. “Furthermore, they represent the positive conclusion of a first set of agreements that were defined in the heads of agreement (HoA) signed during the Egypt Economic Development Conference in Sharm El Sheikh last March.”

Three other agreements that were included in the HoA have been finalized, with approvals expected before year-end.

According to Eni, some of the activities envisaged are currently in the execution phase and one additional well in Baltim concession is already in production.

In October, Eni gained two licenses in the 2015 EGAS bid round, North El Hammad and North Ras El Esh, which are located in 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 the Italian giant operates existing fields and production facilities.

In August, Eni discovered Egypt’s largest gas field to date, the Zohr field, which could hold up to 30 Tcf of lean gas in place, or 5.5 billion boe, over approximately 100sq km.

The Zohr 1X NFW discovery well, located in the Shorouk Block (Block 9) at 4757ft (1450m) water depth, was drilled to a total depth of about 13,553ft (4131m) and hit 2067ft (630m) of hydrocarbon column in a carbonate sequence of Miocene age with excellent reservoir characteristics. Zohr’s structure has also a deeper Cretaceous upside that will be targeted in the future with a dedicated well, Eni said.

According to IHS Energy, Zohr has the potential to supply much of Egypt’s increasing domestic gas demand and will likely have an impact on regional gas commercialization plans. In addition, the technical, commercial, and strategic implications of Zohr is estimated to impact Egypt, the region and the industry, where Egypt’s access to monetization infrastructure will likely put it ahead of rivals if commercial terms are right.

In June, the Egyptian General Petroleum Corp. (EGPC) and Eni entered into a US$2 billion deal for exploration and development activities offshore Egypt.

Source: http://www.oedigital.com/component/k2/item/10850-eni-in-us-2-billion-egypt-investment

ENI's Growing Presence In The Eastern Mediterranean - NATURAL GAS EUROPE

October 15th, 2015

ENI'S GROWING PRESENCE IN THE EASTERN MEDITERRANEAN

Eni has been awarded two new exploration licenses offshore Egypt, North El Hammad and North Ras El Esh, as a result of a competitive bid round. Eni has been awarded a 37.5% participating interest and operatorship in North El Hammad, where it partners with BP (37.5%) and Total (25%), and a 50% participating interest in North Ras El Esh, where it partners with BP (50%) which will act as operator, according to a press release by the Italian company. 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.