Eni | Egypt Oil & Gas - Part 50
Eni to Raise Nooros Output to 1bcf/d in 2017
In 2017, Italian company Eni is planning to raise its Nooros field production to be 1bcf/d of gas instead of its previously detected 700mcf daily production, reported Daily News Egypt. In related news, Eni was expecte... Eni Boosts Nooros Gas Production
Italian Eni aims to increase gas production from three wells in Nooros field by 180mcf/d in September 2016. A source from EGAS said that the $450m production enhancements of Nooros field will push gas outputs to 700mc...
Iraq to Review Oil Foreign Contracts
During a meeting with British Petroleum (BP), the Iraqi Oil Minister, Jabar Ali Al-Luaibi, stated that Baghdad wants to review contracts with oil companies to cut the fees that the firms receive when crude prices are ...
Eni Invests $4b in Zohr Gas Processing Plant
Italian Oil Company Eni invested around $3.5b to $4b in constructing a natural gas processing plant linked to Zohr field with an overall capacity expected to reach to 2.7bcf/d of gas by 2020, reported Al Borsa News. E...
Eni Plans to Sell 20% of Zohr Field
Italy’s Eni plans to sell at least a 20% stake in Zohr field in Egypt to different oil companies including Russian Lukoil, US ExxonMobil, French Total, and UK’s British Petroleum in order to raise around $...
Egypt Approves Five New Oil, Gas Exploration Deals
Egyptian Minister of Petroleum, Tarek El Molla stated that Egypt’s government approved five oil and gas drilling and exploration agreements with foreign companies, reported Reuters. Four of the deals are gas exp... Eni to Drill Sixth Well in Egypt’s Zohr Field
An official at the Egyptian General Petroleum Corporation (EGPC) stated that the ministry has reached an agreement with Italy’s Eni to start drilling the sixth and last gas well in the Zohr field in the Mediterr...
Descalzi: Eni Is Keeping Balance by Lowering Costs
In his interview with Bloomberg, CEO of Italy’s energy giant Eni, Claudio Descalzi said that the company is keeping balance by lowering costs to the level of $20 per barrel. As the company is not able to control...
