Eni SPA has been awarded five new exploration licenses offshore and onshore by the Egyptian Ministry of Petroleum. The licenses are within basins with proved petroleum systems and can rely on nearby existing producing and processing infrastructure.
The licenses are in blocks EGY-MED-E5 and EGY-MED-E6, Eastern Mediterranean Sea, Block EGY-GOS-13, Gulf of Suez, and Blocks Egy-WD- 7 and EGY-WD-9, Western Desert. Total acreage is about 8,410 sq km.
The awards follow successful participation to the 2021 Egypt International Bid Round for Petroleum Exploration and Exploitation which was previously announced by the Egyptian General Petroleum Corporation and the Egyptian Natural Gas Holding Company through the Egypt Exploration and Production Gateway (OGJ Online, Jan. 7, 2022).
ENI is operator at four licenses. ENI has 50% interest in block EGY-MED-E5ENI with partner bp (50%). ENI subsidiary IEOC Production BV has 100% interest in blocks EGY-MED-E6, EGY-GOS-13, and EGY-WD-9. ENI has 50% interest in Block Egy-WD- 7 with partner APEX International Energy (50%).
