{"id":625790,"date":"2018-08-15T04:11:48","date_gmt":"2018-08-15T04:11:48","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/15\/eni-signs-concession-agreement-to-begin-exploration-at-offshore-noor-gas-field\/"},"modified":"2018-08-15T04:11:48","modified_gmt":"2018-08-15T04:11:48","slug":"eni-signs-concession-agreement-to-begin-exploration-at-offshore-noor-gas-field","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/15\/eni-signs-concession-agreement-to-begin-exploration-at-offshore-noor-gas-field\/","title":{"rendered":"Eni signs concession agreement to begin exploration at offshore Noor gas field"},"content":{"rendered":"

<\/a> Eni signs concession agreement to begin exploration at offshore Noor gas field: <\/strong>Eni announced yesterday signing a new concession agreement with the Egyptian government to begin exploration activities at the offshore Noor gas field in the East Mediterranean, the company said in a statement (pdf)<\/a>. The USD 105 mn agreement will see Eni drill two exploratory wells in the 739 sqm field during 2H2018. Eni holds an 85% stake in the concession alongside Tharwa Petroleum Company, which holds 15%. Eni had denied last month<\/a> that it made a massive gas discovery at the Noor gas field, after news reports suggested that Noor could contain around 90 tcf of gas reserves, or 3x as much gas as the supergiant Zohr field. Egyptian Oil Minister Tarek El Molla had also downplayed the reports at the time, saying that seismic studies were not yet complete.<\/p>\n

Eni also signed <\/strong>two other agreements<\/strong><\/a> with the EGPC and other international oil companies yesterday<\/strong>. A USD 22.5 mn agreement was signed with BP to drill four wells in the Nile Delta\u2019s Greater Nooros Area, while an USD 11.7 mn agreement with Croatia\u2019s INA to drill nine wells in the Western Desert\u2019s Ras Qattara concession was also signed, according to an Oil Ministry statement<\/a>. After the signing, El Molla indicated that the government would strike more oil and gas agreements<\/a> in the near future as it moves ahead with plans to turn Egypt into a regional energy export hub<\/a>.<\/p>\n

Meanwhile, Eni plans to bring its total production of crude oil and natural gas from its various concessions to 600k boe\/d<\/strong>, sources from Eni-EGPC JV Belayim Petroleum Company (Petrobel) tell Amwal Al Ghad. The Zohr and Nooros gas fields currently account for the lion\u2019s share of the company\u2019s natural gas output, while crude oil production is concentrated in the Gulf of Suez and Mediterranean concessions. The sources did not disclose the expected timeline for these new production targets.<\/p>\n","protected":false},"excerpt":{"rendered":"

Eni signs concession agreement to begin exploration at offshore Noor gas field: Eni announced yesterday signing a new concession agreement with the Egyptian government to begin exploration activities at the offshore Noor gas field in the East Mediterranean, the company said in a statement (pdf). The USD 105 mn agreement will see Eni drill two […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-625790","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"00dab88b-7533-4544-86db-bfcb472df184","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[625785],"teaser":"","voice_url":""},"yoast_head":"\nEni signs concession agreement to begin exploration at offshore Noor gas field - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/15\/eni-signs-concession-agreement-to-begin-exploration-at-offshore-noor-gas-field\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Eni signs concession agreement to begin exploration at offshore Noor gas field\" \/>\n<meta property=\"og:description\" content=\"Eni signs concession agreement to begin exploration at offshore Noor gas field: Eni announced yesterday signing a new concession agreement with the Egyptian government to begin exploration activities at the offshore Noor gas field in the East Mediterranean, the company said in a statement (pdf). 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The two companies began work on the offshore North Sinai field late last month under a USD 105 mn concession agreement signed with the\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":628183,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/27\/is-eni-about-to-announce-a-natural-gas-discovery-3x-the-size-of-zohr\/","url_meta":{"origin":625790,"position":2},"title":"Is Eni about to announce a natural gas discovery 3x the size of Zohr?","author":"enterpriseam admin","date":"27 June 2018","format":false,"excerpt":"Is Eni about to announce a natural gas discovery 3x the size of Zohr? Italy\u2019s Eni could unlock as much as 90 tcf of natural gas reserves from the Noor field in the offshore North Sinai Shorouk concession, Gulf-based Arab News writes, citing a combination of ministry sources and recent\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":629216,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/24\/tharwa-petroleum-readies-to-drill-in-north-sinais-noor-concession\/","url_meta":{"origin":625790,"position":3},"title":"Tharwa Petroleum readies to drill in North Sinai\u2019s Noor concession","author":"enterpriseam admin","date":"24 May 2018","format":false,"excerpt":"Tharwa Petroleum is waiting for final gas exploration approvals to begin drilling in the Noor concession in North Sinai, a company source says. The number of wells to be drilled will be determined once the contracts are signed, they added. The Cabinet had approved earlier this month a USD 105\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":626470,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/03\/eni-denies-that-it-made-a-massive-gas-discovery\/","url_meta":{"origin":625790,"position":4},"title":"Eni denies that it made a massive gas discovery","author":"enterpriseam admin","date":"3 July 2018","format":false,"excerpt":"Eni denies that it has made a massive gas discovery in Egypt: Eni denied much-hyped reports that it made a massive discovery at the Noor gas field off the coast of North Sinai, Reuters reports. \u201cThere are prospects and new (geological) structures in Egypt but we still haven\u2019t discovered anything,\u201d\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":563056,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/16\/a-merger-in-the-western-desert\/","url_meta":{"origin":625790,"position":5},"title":"A merger in the Western Desert","author":"enterpriseam admin","date":"16 June 2021","format":false,"excerpt":"Eni to merge two concessions in Western Desert: Eni has signed an agreement with the Egyptian General Petroleum Corporation (EGPC) and Russian multinational energy corporation Lukoil to merge its Meleiha and Meleiha Deep concessions in the Western Desert, the Italian oil and gas operator said in a statement yesterday. 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