Eni SPA has been awarded a new exploration block offshore the Arab Republic of Egypt as part of the 2022 EGAS International Bid Round.
Egypt’s Ministry of Petroleum and Mineral Resources awarded exploration and production rights for Block EGY-MED-E8 (East Port Said) to the consortium comprised of Eni (operator, 34%) QatarEnergy (33%), and bp (33%), QatarEnergy said in a release Oct. 4.
East Port Said block, offshore Egypt’s northeastern Mediterranean coast, lies in water depths up to 800 m and covers an area of about 2,600 sq km.
