Oil minister Tarek El Molla has signed three new exploration contracts to drill 15 wells in the Mediterranean and the Western Desert with an investment budget of $139.2 million and a $55 million signing grant.
The production capacity of Zohr gas field, which currently stands at 1.6 billion cubic feet per day (bcf/d), is slated to reach 2 bcf/d by September, according to operator Eni.
Eni will begin production from the South Meleiha concession in the Western Desert’s Faghur Basin within three to six months.
Apache plans to drill three out of seven planned wells in the Western Desert by the end of 2018, according to an oil ministry source.
Belayim Petroleum Company (Petrobel) and Eni will bring their South Balteem well online by mid-2019, helping the companies to achieve their target of pumping an extra 0.5 billion cubic feet per day of natural gas. ...
Eni has announced a second light oil discovery on the B1-X exploration prospect located in the South West Meleiha license, located in Egypt's Western Desert.
The Ministry of Petroleum is looking into constructing a petrochemical and refining facility in New El Alamein City.
Eni has denied media reports that the company has discovered a new gas field in the eastern Mediterranean.
Egypt oil minister Tarek El Molla discussed Egyptian-Italian collaboration with the Italian Ambassador to Cairo Giampaolo Cantini on June 3.
Eni will start exploration drilling at Noor field off North Sinai shore within two months.
