{"id":628682,"date":"2018-05-10T04:21:23","date_gmt":"2018-05-10T04:21:23","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/10\/the-ismail-cabinet-approved-a-usd-105-mn-exploration-agreement-with-eni\/"},"modified":"2018-05-10T04:21:23","modified_gmt":"2018-05-10T04:21:23","slug":"the-ismail-cabinet-approved-a-usd-105-mn-exploration-agreement-with-eni","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/10\/the-ismail-cabinet-approved-a-usd-105-mn-exploration-agreement-with-eni\/","title":{"rendered":"The Ismail Cabinet approved a USD 105 mn exploration agreement with Eni"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>The Ismail Cabinet approved a USD 105 mn exploration agreement with Eni <\/strong>and the Egypt\u2019s Tharwa to search for oil and gas in the Mediterranean off the coast of north Sinai, <a href=\"http:\/\/www.cabinet.gov.eg\/Arabic\/MediaCenter\/CabinetNews\/Pages\/the-Council-of-Ministers-meeting-No.-(119).aspx\">according to a cabinet statement<\/a>. Under the agreement, Eni and Tharwa drill two wells over two stages in the coming six years, Oil Minister Tarek El Molla <a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL8N1SG6TT\">told reporters on Wednesday<\/a>. Separately, Eni has reportedly begun drilling the second exploratory well in its South Meleiha concession in the Western Desert\u2019s Faghur Basin, <a href=\"https:\/\/www.youm7.com\/story\/2018\/5\/9\/%D8%A5%D9%8A%D9%86%D9%89-%D8%AA%D8%A8%D8%AF%D8%A3-%D8%AD%D9%81%D8%B1-%D8%AB%D8%A7%D9%86%D9%89-%D8%A2%D8%A8%D8%A7%D8%B1-%D9%83%D8%B4%D9%81-%D9%81%D8%A7%D8%BA%D9%88%D8%B1-%D8%A8%D8%A7%D9%84%D8%B5%D8%AD%D8%B1%D8%A7%D8%A1-%D8%A7%D9%84%D8%BA%D8%B1%D8%A8%D9%8A%D8%A9\/3784496\">Youm7 reports<\/a>. Eni had announced last week making an oil discovery from another well in the Faghur Basin, which is expected to deliver 2,300 bop\/d of light oil.<\/p>\n<p><strong>Other actions and decisions taken by the cabinet<\/strong> at its weekly Wednesday meeting include:<\/p>\n<ul>\n<li>Approving a <strong>USD 5.1 mn grant<\/strong> with USAID to help bolster trade.<\/li>\n<li>Approving a <strong>EGP 30 mn funding agreement<\/strong> with the Kuwait Fund for Arab Economic Development for the second phase of the national archives.<\/li>\n<li><strong>Leasing out an agricultural waste recycling center<\/strong> in Kharga for a three-year period. <\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The Ismail Cabinet approved a USD 105 mn exploration agreement with Eni and the Egypt\u2019s Tharwa to search for oil and gas in the Mediterranean off the coast of north Sinai, according to a cabinet statement. Under the agreement, Eni and Tharwa drill two wells over two stages in the coming six years, Oil Minister [&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-628682","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"c76e8dd9-304a-43d3-b2c6-04a42659e6ea","order":"0","is_powered_by":true,"section_story_id":"38336007-ebce-4053-91bc-e4cc9c635b2e","story_type":"1","photo_url":"","photo_position":"above","related_issue":[628667],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The Ismail Cabinet approved a USD 105 mn exploration agreement with Eni - 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\/05\/10\/the-ismail-cabinet-approved-a-usd-105-mn-exploration-agreement-with-eni\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Ismail Cabinet approved a USD 105 mn exploration agreement with Eni\" \/>\n<meta property=\"og:description\" content=\"The Ismail Cabinet approved a USD 105 mn exploration agreement with Eni and the Egypt\u2019s Tharwa to search for oil and gas in the Mediterranean off the coast of north Sinai, according to a cabinet statement. Under the agreement, Eni and Tharwa drill two wells over two stages in the coming six years, Oil Minister [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/10\/the-ismail-cabinet-approved-a-usd-105-mn-exploration-agreement-with-eni\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-10T04:21:23+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/10\/the-ismail-cabinet-approved-a-usd-105-mn-exploration-agreement-with-eni\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/10\/the-ismail-cabinet-approved-a-usd-105-mn-exploration-agreement-with-eni\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"The Ismail Cabinet approved a USD 105 mn exploration agreement with Eni\",\"datePublished\":\"2018-05-10T04:21:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/10\/the-ismail-cabinet-approved-a-usd-105-mn-exploration-agreement-with-eni\/\"},\"wordCount\":183,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/10\/the-ismail-cabinet-approved-a-usd-105-mn-exploration-agreement-with-eni\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/10\/the-ismail-cabinet-approved-a-usd-105-mn-exploration-agreement-with-eni\/\",\"name\":\"The Ismail Cabinet approved a USD 105 mn exploration agreement with Eni - 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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 &quot;Energy&quot;","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":628682,"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":625790,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/15\/eni-signs-concession-agreement-to-begin-exploration-at-offshore-noor-gas-field\/","url_meta":{"origin":628682,"position":2},"title":"Eni signs concession agreement to begin exploration at offshore Noor gas field","author":"enterpriseam admin","date":"15 August 2018","format":false,"excerpt":"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\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":624919,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/23\/italys-eni-to-drill-first-exploratory-well-in-noor-field-this-week\/","url_meta":{"origin":628682,"position":3},"title":"Italy\u2019s Eni to drill first exploratory well in Noor field this week","author":"enterpriseam admin","date":"23 September 2018","format":false,"excerpt":"Eni, Tharwa to begin Noor field drilling this week: Italy\u2019s Eni and Egypt\u2019s Tharwa Petroleum will reportedly begin drilling this week their first exploratory well in the offshore Noor gas field in North Sinai, an unnamed EGAS official tells Reuters. Eni had signed a USD 105 mn concession agreement with\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":628682,"position":4},"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. 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 &quot;Energy&quot;","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":621594,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/13\/uaes-mubadala-buys-20-interest-in-egypts-nour-concession\/","url_meta":{"origin":628682,"position":5},"title":"UAE\u2019s Mubadala buys 20% interest in Egypt\u2019s Nour concession","author":"enterpriseam admin","date":"13 November 2018","format":false,"excerpt":"M&A WATCH- UAE\u2019s Mubadala buys 20% interest in Egypt\u2019s Nour concession: The UAE\u2019s Mubadala Petroleum has agreed to buy a 20% participating interest in Egypt\u2019s Nour offshore concessionin North Sinai from Italy\u2019s Eni, Reuters reports. 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