Eni wins two more licenses off Egypt

Italy’s Eni revealed it has been awarded two new exploration licenses in the Egyptian offshore of the Mediterranean Sea, North El Hammad and North Ras El Esh, as a result of the 2015 EGAS 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, the company said.

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 square kilometers respectively.

These two new concession agreements follow the recent award of the deep water Karawan and North Leil blocks.

Image: EGAS