{"id":626470,"date":"2018-07-03T04:31:37","date_gmt":"2018-07-03T04:31:37","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/03\/eni-denies-that-it-made-a-massive-gas-discovery\/"},"modified":"2018-07-03T04:31:37","modified_gmt":"2018-07-03T04:31:37","slug":"eni-denies-that-it-made-a-massive-gas-discovery","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/03\/eni-denies-that-it-made-a-massive-gas-discovery\/","title":{"rendered":"Eni denies that it made a massive gas discovery"},"content":{"rendered":"<p><strong>Eni denies that it has made a massive gas discovery in Egypt: <\/strong>Eni denied much-hyped reports that it made a massive discovery at the Noor gas field off the coast of North Sinai, <u><a href=\"https:\/\/www.reuters.com\/article\/eni-egypt\/refile-eni-denies-talk-of-major-new-discovery-in-egypt-idUSI6N1T9029\">Reuters reports<\/a><\/u>. \u201cThere are prospects and new (geological) structures in Egypt but we still haven\u2019t discovered anything,\u201d Eni CEO Claudio Descalzi told reporters on Monday. <u><a href=\"https:\/\/enterprise.press\/stories\/2018\/06\/27\/is-eni-about-to-announce-a-natural-gas-discovery-3x-the-size-of-zohr\/\">News reports last week<\/a><\/u> had suggested that Eni could unlock as much as 90 tcf of natural gas reserves from the Noor field, a figure that would make it about 3x the size of the supergiant Zohr gas field. Oil Minister Tarek El Molla had <u><a href=\"https:\/\/enterprise.press\/stories\/2018\/07\/02\/oil-ministry-downplays-suggestions-that-noor-field-could-be-3x-zohr\/\">downplayed the reports<\/a><\/u>, stating that seismic studies had not yet been completed.<\/p>\n<p><strong>The warnings have done little to dampen the hype<\/strong>, with trade publication <u><a href=\"http:\/\/www.petroleum-economist.com\/articles\/politics-economics\/middle-east\/2018\/eni-hopes-for-second-egypt-gas-bonanza\">Petroleum Economist<\/a><\/u> noting yesterday that Eni is hoping for a \u201csecond bonanza\u201d when it came to Noor. \u201cEni is hoping that a good proportion of that so-far elusive gas will be in the Noor field off North Sinai. The Egyptian cabinet in March approved exploration plans, and Eni is to start preliminary drilling this summer. Only then will it become clear whether rumours that Noor holds even larger gas deposits than Zohr are true or false.\u201d<\/p>\n<p><strong>In other Eni news<\/strong>, Descalzi pledged that the company will make a binding commitment to becoming carbon neutral, <u><a href=\"https:\/\/www.reuters.com\/article\/us-eni-carbon\/italys-eni-aims-for-oil-industry-first-with-carbon-neutral-goal-idUSKBN1JS14R\">according to Reuters<\/a><\/u>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 Eni CEO Claudio Descalzi told [&hellip;]<\/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-626470","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"13e672b8-1e58-4a75-945c-6fc5cecf9a5e","order":"0","is_powered_by":true,"section_story_id":"b15a1efa-54f7-410b-9941-73bf397102c6","story_type":"1","photo_url":"","photo_position":"above","related_issue":[626457],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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The USD 105 mn agreement\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":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":626470,"position":1},"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 &quot;Speed Round&quot;","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":602021,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/17\/eni-makes-new-natgas-discovery-at-egypts-offshore-noor-propsect\/","url_meta":{"origin":626470,"position":2},"title":"Eni makes new natgas discovery at Egypt\u2019s offshore Noor propsect","author":"enterpriseam admin","date":"17 March 2019","format":false,"excerpt":"Italy\u2019s Eni has made a new natural gas discovery at the offshore Nour gas field in the East Mediterranean, the company announced on Thursday (pdf). 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Eni, which operates the Abu Madi West Development Lease, and contractor\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":622665,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/09\/eni-tharwa-to-finish-drill-first-well-in-noor-by-december\/","url_meta":{"origin":626470,"position":5},"title":"Eni, Tharwa to finish drill first well in Noor by December","author":"enterpriseam admin","date":"9 October 2018","format":false,"excerpt":"Eni and Tharwa Petroleum will reportedly complete in December drilling work on the Noor gas field\u2019s first exploratory well, government sources tell Al Masry Al Youm. 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