This contributes to greatly expanding the group's activities in Egypt.
Eni owns 85 percent of Noor concession through a subsidiary, while the other 15 percent goes to Tharwa Petroleum Company.
Qarun Petroleum Company’s (QPC) oil production stood at 35,600 barrels per day (bpd) in fiscal year 2016/2017.
The second phase of the North Alexandria project is moving along faster than planned, Minister of Petroleum Tarek El-Molla said Tuesday.
Texas-based IPR Energy Group announced success of drilling NRQ-11X and NRQ-9-2 wells in the North Ras Qattara concession in the Western Desert.