The Cabinet said in a statement, Thursday, that the project is being built within the framework of the trend towards expediting the exploratory operations in the "Northeast of Al-Arish" offshore area.
The agreement aims to promote Egyptian gas export to Europe, and specifically to Italy, in the context of the transition to a low carbon economy.
These new discoveries have already been connected and tied into production, in line with the Infrastructure-led exploration strategy, allowing to maximize exploration opportunities nearby existing infrastructures.
President Abdel Fatah al-Sisi received Thursday an Eni delegation led by CEO Claudio Descalizi in the presence of Minister of Petroleum and Mineral Resources Tarek al-Mulla.
Zohr gas Field is Egypt’s main contributor to gas supply and is the biggest gas field in the Mediterranean, with an estimated production of 30 trillion cubic feet.
The Petroleum Ministry, in a statement on Friday, said that under the deal, Eni company is abiding by spending at least additional dlrs 20 million to dig four wells.
Italian multinational oil and gas company Eni, announced Tuesday three new oil and gas discoveries in the concessions of Meleiha and southwest of Meleiha, in Egypt's Western Desert.
Claudio Descalzi, CEO of the energy company Eni, met on Thursday with President Abdel Fattah El-Sisi.
“This is the first LNG cargo produced by the terminal after it was shut down in 2012.” it clarified in a statement.
The discovery was achieved through the Arcadia 9 well, drilled on the Arcadia South structure, which is located 1.5 km south of the main Arcadia field already in production.
The announcement came in a joint statement by Eni, as the Operator of the Block, and bp, as contractor member.
Meeting with Claudio Descalzi, the chief executive of Italian company, Sisi highlighted the need to accurately implement the company’s projects and to take into consideration the importance the state attaches to this vital sector.
Italian oil and gas company Eni said it managed to drill the first exploration well in waters of Egypt’s Nile Delta, in cooperation with contractor members of BP and Total.
The well would be completed and put into production in the next few days with an expected initial flow rate of about 5.000 barrels per day.
This came during a meeting held between Descalzi and Minister of Petroleum Tarek el-Molla on the sidelines of Molla’s participation in the World Energy Conference in Abu Dhabi.
The current production at Meleiha, discovered in 2018, is at around 5.000 barrel of oil per day (BOPD) and is expected to reach 7.000 BOPD within September 2019.
The Health Ministry and Italy's Eni S.p.A. on Monday inked a cooperation protocol aiming at support the Egyptian health sector and benefiting from Italian expertise.
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.
This decision came after the Egyptian government signed an agreement with foreign partners of the project, as the plant is a joint venture between Union Fenosa Gas and the Italian Company Eni.
This decision came after the Egyptian government signed an agreement with foreign partners of the project.