Eni announces new gas discovery offshore Egypt - REUTERS

January 15, 20231:44 PM GMT+2

MILAN, Jan 15 (Reuters) - Italian energy group Eni (ENI.MI) said on Sunday it had made a new gas discovery in an Egyptian offshore field in the Eastern Mediterranean sea.

State-controlled Eni is looking for new gas sources as it aims to completely replace gas imports from Russia by 2025 following the fallout from Russia's invasion of Ukraine.

The new discovery is located in the Nargis-1 exploration well and "can be developed leveraging the proximity to Eni's existing facilities", the group said in a statement.

The Nargis-1 well is part of Egypt's 1,800-sq. km Nargis Offshore Area concession operated by Chevron (CVX.N), with a 45% interest in it. Eni also holds a 45% stake, while Tharwa Petroleum Company SAE holds a 10% interest.

SOURCE

UPDATE 1-Egypt discovers large gas field in Mediterranean, minister says - REUTERS

CAIRO, Dec 15 (Reuters) - Egypt has discovered a large gas field in the Nargis block in the eastern Mediterranean, Petroleum Minister Tarek El Molla said on Thursday.

Evaluation is still ongoing to determine the field’s reserves, he said in a briefing to a parliamentary committee.

Nargis is one of four offshore exploration blocks in which Chevron holds operating interests in Egypt along with Tharwa Petroleum Co, according to Chevron’s website.

The Middle East Economic Survey reported this month that the size of the new well was 3.5 trillion cubic feet of gas.

Egyptian officials have declined to confirm details of the find.

The find could provide a boost to Egypt’s efforts to position itself as an energy hub in the eastern Mediterranean following the 2015 announcement of the discovery by Eni of the giant Zohr gas field.

Egypt's Tharwa Petroleum seeks to acquire 6 concession areas in 2020 - ZAWYA / MUBASHER

31 MARCH, 2020

Tharwa drilled eight exploratory and development wells in 2019

Cairo – Tharwa Petroleum Company is looking to obtain six concession areas in 2020 and enter into partnerships with major companies, including Total, ExxonMobil, Chevron, BP, and Shell, the company’s chairman Amr El-Leithy said.

The company also plans to drill seven exploratory and development wells this year, El-Leithy added in a statement released by the Ministry of Petroleum on Tuesday.

In 2019, Tharwa drilled eight exploratory and development wells, leading to higher output, he pointed out.

The average output at the company’s areas reached about 6,800 barrels of crude oil per day.

Zohr soars, Nour not sure - PETROLEUM ECONOMIST

30 August 2019
Gerald Butt

The super-giant Zohr gas field, in the Shorouk concession with at least 30tn ft3 of gas in place, keeps on breaking records. After first production was achieved in less than two-and-a-half years post-discovery, Italy's Eni now says that production has reached more than 2.7bn ft3/d (76.4mn m³/d)—five months ahead of plan.

A second 216km (134-mile) 30in pipeline connecting the offshore subsea production facilities to the onshore treatment plant just west of Port Said became operational in August. With this and the completion and optimisation of the plant treatment capacity, Eni says that, by end-2019, Zohr's potential production rate will reach 3.2bn ft3/d (90.6mn m³/d), up from the 2.7bn ft3/d plateau envisaged in the development plan.

Gas from Zohr already accounts for around one-third of Egypt's 6.5bn ft3/d output, and this extra production is enabling the resumption of LNG exports from the Idku plant—after a period when the country was forced to import LNG. The Damietta facility remains closed, pending the resolution of a dispute between the Egyptian government and operator Union Fenosa Gas, a joint venture between Eni and Spain's Naturgy.

Eni announces a new gas discovery in the Nour prospect, Offshore Egypt - ENI

14/03/2019 11:15

Eni announces a new gas discovery under evaluation in the Nour exploration prospect located in Eastern Egyptian Mediterranean. Feasibility studies in order to accelerate the exploitation of these new resources leveraging the synergies with existing facilities will start after finalizing the discovery evaluation

San Donato Milanese (Milan), 14 March 2019 – Eni announces a new gas discovery under evaluation in the Nour exploration prospect located in the Nour North Sinai Concession, in the Eastern Egyptian Mediterranean, about 50 km North of the Sinai peninsula.

The Nour-1 New Field Wildcat (NFW), which has led to the discovery, was drilled by the Scarabeo-9 semi-sub in a water depth of 295 meters and reached a total depth of 5,914 meters.

Nour-1 well found 33 meters of gross sandstone pay with good petrophysical properties and an estimated gas column of 90 meters in the Tineh formation of Oligocene age. The well has not been tested, however an intense and accurate data acquisition has been carried out.

UPDATE 1-Egypt approves BP purchase of 25 pct of Nour gas concession - REUTERS / EGYPT TODAY

Sun, Dec. 9, 2018

CAIRO, Dec 9 (Reuters) - BP and UAE-based Mubadala Investment Co are to buy stakes in the Nour deepwater gas concession off the northern coast of Sinai, following approval by Egypt’s petroleum ministry on Sunday. 

Nour lies near the Zohr gas field, which was declared the biggest in the Mediterranean when it was discovered in 2015. Zohr is estimated to hold about 30 trillion cubic feet of gas and has raised interest in gas exploration in Egypt.

BP will buy 25 percent and Abu Dhabi state fund Mubadala 20 percent of the Nour concession from Italian energy company Eni , the petroleum ministry said in a statement.

Eni, which had held 85 percent of the concession through a subsidiary, will now hold 40 percent. Egypt’s state-controlled Tharwa Petroleum Company holds the remaining 15 percent.

Eni and Tharwa were originally due to start drilling the first exploratory oil well at Nour in late September.

Eni sells to Mubadala Petroleum a 20% stake in the Nour North Sinai Offshore concession in Egypt - ENI

Abu Dhabi (UAE), 12 November 2018

Eni further strengthens its ties with Mubadala Petroleum, building on the successful partnership in the Shorouk concession. The Chief Executive Officer of Petroleum & Petrochemicals, Mubadala Investment Company, and Chairman of Mubadala Petroleum, Musabbeh Al Kaabi, and the Chief Executive Officer of Eni, Claudio Descalzi, signed an agreement today for the sale of a 20% participating interest, out of Eni’s share, in the Nour North Sinai Offshore concession, in Egypt, to Mubadala Petroleum, a wholly owned subsidiary of Mubadala Investment Company.

Italy's Eni to drill North Sinai exploratory oil well next week- EGAS official - ZAWYA / ENTERPRISE

23 SEPTEMBER, 2018

CAIRO - Italy's Eni and Egypt's Tharwa Petroleum will drill the first exploratory oil well in northern Sinai's offshore Noor field next week, an official at Egypt's gas company EGAS said on Thursday.

Egypt's cabinet approved in March a $105 million deal to explore the North Sinai region of the Mediterranean Sea. Tharwa Petroleum, which holds a 15% stake in Noor.

Expectations are high: Eni, which holds an 85% stake in the field, denied in recent months reports claiming that it had discovered 90 tcf of reserves there, or 3x as much as the supergiant Zohr field. The company signed two other agreements with the government last month for exploration in the Nile Delta and Western Desert.

Eni signs concession agreement to begin exploration at offshore Noor gas field - ENTERPRISE

Wednesday, 15 August 2018

Eni signs concession agreement to begin exploration at offshore Noor gas field: Eni announced yesterday signing a new concession agreement with the Egyptian government to begin exploration activities at the offshore Noor gas field in the East Mediterranean, the company said in a statement (pdf). The USD 105 mn agreement will see Eni drill two exploratory wells in the 739 sqm field during 2H2018. Eni holds an 85% stake in the concession alongside Tharwa Petroleum Company, which holds 15%. Eni had denied last month that it made a massive gas discovery at the Noor gas field, after news reports suggested that Noor could contain around 90 tcf of gas reserves, or 3x as much gas as the supergiant Zohr field. Egyptian Oil Minister Tarek El Molla had also downplayed the reports at the time, saying that seismic studies were not yet complete.

Tharwa Petroleum readies to drill in North Sinai’s Noor concession - ENTERPRISE

Thursday, 24 May 2018

Tharwa Petroleum is waiting for final gas exploration approvals to begin drilling in the Noor concession in North Sinai, a company source says. 

The number of wells to be drilled will be determined once the contracts are signed, they added. 

The Cabinet had approved earlier this month a USD 105 mn exploration agreement with Eni and Tharwa to search for oil and gas in the Mediterranean off the coast of North Sinai. 

Parliament had signed off on the agreement earlier in the week.

The Ismail Cabinet approved a USD 105 mn exploration agreement with Eni - ENTERPRISE

Thursday, 10 May 2018

The Ismail Cabinet approved a USD 105 mn exploration agreement with Eni and the Egypt’s Tharwa to search for oil and gas in the Mediterranean off the coast of north Sinai, according to a cabinet statement. Under the agreement, Eni and Tharwa drill two wells over two stages in the coming six years, Oil Minister Tarek El Molla told reporters on Wednesday. Separately, Eni has reportedly begun drilling the second exploratory well in its South Meleiha concession in the Western Desert’s Faghur Basin, Youm7 reports. Eni had announced last week making an oil discovery from another well in the Faghur Basin, which is expected to deliver 2,300 bop/d of light oil.

Prime Minister Sherif Ismail met yesterday with the head of the Abu Dhabi National Oil Company (ADNOC) Sultan Jaber, according to a Cabinet statement. The two discussed oil and gas cooperation, as well as increasing Emirati investments in Egypt’s oil refining, petrochemicals, and LNG sectors.

Sinopec Evaluating Projects in Egypt - EGYPT OIL & GAS

Monday, 28th August 2017
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, met with Sinopec’s Vice President, Ling Yiqun, to discuss joint cooperation and investments opportunities in Egypt’s hydrocarbon sector, Egypt Oil & Gas reports.

Noting Sinopec’s expertise, El Molla urged the Chinese company to continue to invest in Egypt’s hydrocarbon market.

For his part, Yiqun expressed the company’s interest in expanding its investments in Egypt and said that Sinopec is currently evaluating several promising petroleum projects in the country.