{"id":649524,"date":"2017-03-02T04:12:40","date_gmt":"2017-03-02T04:12:40","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/02\/enis-gamble-set-to-pay-off-results-positive\/"},"modified":"2017-03-02T04:12:40","modified_gmt":"2017-03-02T04:12:40","slug":"enis-gamble-set-to-pay-off-results-positive","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/02\/enis-gamble-set-to-pay-off-results-positive\/","title":{"rendered":"Eni\u2019s gamble set to pay off, results positive"},"content":{"rendered":"

Eni\u2019s offshore exploration \u201cgamble\u201d looks \u201cset to pay off,\u201d<\/strong> Andrew Ward writes in the Financial Times<\/a>. Ward covered Eni CEO Claudio Descalzi\u2019s trip to Port Said to oversee the development of a gas processing plant to serve Zohr, which he says \u201cwould be the fastest a project of its size has started production in industry history.\u201d Descalzi says his company took a different direction: \u201cthe industry has forgotten how to do exploration \u2026 Everybody else went looking for tar sands or tight oil or acquisitions. We thought there was still potential in conventional exploration.\u201d An analyst at Goldman Sachs says \u201camong the European majors, only Eni has been able to successfully translate exploration activities into valuable giant oil and gas discoveries.\u201d Next up for Eni is seeing whether Descalzi would be staying at the company\u2019s helm or not as his mandate is up for renewal. Ward\u2019s piece also includes a video report<\/a>, in which he says, \u201cEgypt remains one of the brightest spots on the horizon for oil and gas companies looking to breathe new life into their traditional fossil fuel businesses<\/strong>\u201d (runtime 04:21).<\/p>\n

\u2026The piece came in time for Eni\u2019s announcement of expectations-beating 4Q2016 results <\/strong>as the company recorded its first quarterly profit in 18 months. Eni reported an adjusted net profit of EUR 459 mn for the quarter, according to Reuters<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Eni\u2019s offshore exploration \u201cgamble\u201d looks \u201cset to pay off,\u201d Andrew Ward writes in the Financial Times. Ward covered Eni CEO Claudio Descalzi\u2019s trip to Port Said to oversee the development of a gas processing plant to serve Zohr, which he says \u201cwould be the fastest a project of its size has started production in industry […]<\/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-649524","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"e3673511-eceb-405b-8e0a-579e4811d891","order":"0","is_powered_by":true,"section_story_id":"4e7b4344-d756-44ce-a21a-6e082bd6dfbb","story_type":"1","photo_url":"","photo_position":"above","related_issue":[649512],"teaser":"","voice_url":""},"yoast_head":"\nEni\u2019s gamble set to pay off, results positive - 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\/2017\/03\/02\/enis-gamble-set-to-pay-off-results-positive\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Eni\u2019s gamble set to pay off, results positive\" \/>\n<meta property=\"og:description\" content=\"Eni\u2019s offshore exploration \u201cgamble\u201d looks \u201cset to pay off,\u201d Andrew Ward writes in the Financial Times. Ward covered Eni CEO Claudio Descalzi\u2019s trip to Port Said to oversee the development of a gas processing plant to serve Zohr, which he says \u201cwould be the fastest a project of its size has started production in industry […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/02\/enis-gamble-set-to-pay-off-results-positive\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-03-02T04:12:40+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\/2017\/03\/02\/enis-gamble-set-to-pay-off-results-positive\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/02\/enis-gamble-set-to-pay-off-results-positive\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Eni\u2019s gamble set to pay off, results positive\",\"datePublished\":\"2017-03-02T04:12:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/02\/enis-gamble-set-to-pay-off-results-positive\/\"},\"wordCount\":233,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/02\/enis-gamble-set-to-pay-off-results-positive\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/02\/enis-gamble-set-to-pay-off-results-positive\/\",\"name\":\"Eni\u2019s gamble set to pay off, results positive - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-03-02T04:12:40+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/02\/enis-gamble-set-to-pay-off-results-positive\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/02\/enis-gamble-set-to-pay-off-results-positive\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/02\/enis-gamble-set-to-pay-off-results-positive\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Eni\u2019s gamble set to pay off, results positive\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Eni\u2019s gamble set to pay off, results positive - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/02\/enis-gamble-set-to-pay-off-results-positive\/","og_locale":"en_US","og_type":"article","og_title":"Eni\u2019s gamble set to pay off, results positive","og_description":"Eni\u2019s offshore exploration \u201cgamble\u201d looks \u201cset to pay off,\u201d Andrew Ward writes in the Financial Times. Ward covered Eni CEO Claudio Descalzi\u2019s trip to Port Said to oversee the development of a gas processing plant to serve Zohr, which he says \u201cwould be the fastest a project of its size has started production in industry […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/02\/enis-gamble-set-to-pay-off-results-positive\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2017-03-02T04:12:40+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/02\/enis-gamble-set-to-pay-off-results-positive\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/02\/enis-gamble-set-to-pay-off-results-positive\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Eni\u2019s gamble set to pay off, results positive","datePublished":"2017-03-02T04:12:40+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/02\/enis-gamble-set-to-pay-off-results-positive\/"},"wordCount":233,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["EnterpriseAM","SPEED ROUND"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/02\/enis-gamble-set-to-pay-off-results-positive\/","url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/02\/enis-gamble-set-to-pay-off-results-positive\/","name":"Eni\u2019s gamble set to pay off, results positive - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2017-03-02T04:12:40+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/02\/enis-gamble-set-to-pay-off-results-positive\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2017\/03\/02\/enis-gamble-set-to-pay-off-results-positive\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/02\/enis-gamble-set-to-pay-off-results-positive\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Eni\u2019s gamble set to pay off, results positive"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":651506,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/14\/bp-completes-acquisition-of-10-of-enis-stake-in-the-zohr-gas-field\/","url_meta":{"origin":649524,"position":0},"title":"BP completes acquisition of 10% of Eni\u2019s stake in the Zohr gas field","author":"enterpriseam admin","date":"14 February 2017","format":false,"excerpt":"BP completes acquisition of 10% of Eni\u2019s stake in the Zohr gas field: Petroleum Minister Tarek El Molla, Eni CEO Claudio Descalzi, and BP CEO Bob Dudley signed a contract on Monday completing BP\u2019s acquisition of a 10% stake in the Shorouk offshore concession\u2019s Zohr gas field from Eni for\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":605641,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/04\/eni-friends-to-invest-usd-7-7-bn-in-egypt-in-four-years\/","url_meta":{"origin":649524,"position":1},"title":"Eni + Friends to invest USD 7.7 bn in Egypt in four years","author":"enterpriseam admin","date":"4 September 2023","format":false,"excerpt":"Eni chief Claudio Descalzi held talks with the president yesterday, one week after the CEO of BP was in town","rel":"","context":"In "INVESTMENT EIT"","block_context":{"text":"INVESTMENT EIT","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-eit\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/9\/88.jpg?fit=%2C&ssl=1&resize=350%2C200","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":649524,"position":2},"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":650050,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/15\/zohr-is-a-sign-of-more-gas-in-the-mediterranean-eni\/","url_meta":{"origin":649524,"position":3},"title":"Zohr is a sign of more gas in the Mediterranean -Eni","author":"enterpriseam admin","date":"15 March 2017","format":false,"excerpt":"The discovery of the Zohr gas field has boosted hopes of other such finds in the eastern Mediterranean that could help meet Europe's energy needs, Eni\u2019s Chief Exploration Officer Luca Bertelli told the Associated Press. The discovery \u201chas reinvigorated the interest of other major oil and gas companies in the\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":628048,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/24\/did-eni-pledge-usd-3-bn-in-investments-in-egypt-plus-we-could-be-exporting-natural-gas-by-years-end-early-2019\/","url_meta":{"origin":649524,"position":4},"title":"Did Eni pledge USD 3 bn in investments in Egypt? Plus: We could be exporting natural gas by year\u2019s end, early 2019","author":"enterpriseam admin","date":"24 June 2018","format":false,"excerpt":"INVESTMENT WATCH- Did Eni pledge USD 3 bn in investments in Egypt? Eni plans to allocate USD 3 bn in new investments in Egypt over \u201cthe coming period,\u201d Eni CEO Claudio Descalzi said, according to a purported statement from the Oil Ministry floating around in the local press on Thursday.\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":631073,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/08\/el-sisi-descalzi-discuss-enis-work-in-egypt\/","url_meta":{"origin":649524,"position":5},"title":"El Sisi, Descalzi discuss Eni\u2019s work in Egypt","author":"enterpriseam admin","date":"8 March 2018","format":false,"excerpt":"President Abdel Fattah El Sisi sat down yesterday with Eni CEO Claudio Descalzi to follow up on the Italian company\u2019s projects in Egypt, including the Zohr gas field, according to an Ittihadiya statement (pdf).","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/649524","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=649524"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/649524\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/649512"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=649524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=649524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=649524"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=649524"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=649524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}