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Eni sells 20% stake in the Nour North Sinai Offshore concession to Mubadala Petroleum

Eni sells 20% stake in the Nour North Sinai Offshore concession to Mubadala Petroleum

November 12, 2018 No Comments

The Chief Executive Officer of Petroleum & Petrochemicals, Mubadala Investment Company, and Chairman of Mubadala Petroleum, Musabbeh Al Kaabi, and the Chief Executive Officer of Eni, Claudio Descalzi, signed an agreement today for the sale of a 20% participating interest, out of Eni’s share, in the Nour North Sinai Offshore concession, in Egypt, to Mubadala […]

Noble Energy Announces Third Quarter 2018 Results

Noble Energy Announces Third Quarter 2018 Results

November 2, 2018 No Comments

Noble Energy, Inc. (NYSE: NBL) (“Noble Energy” or the “Company”) announced third quarter 2018 financial and operating results. The Company reported third quarter net income attributable to Noble Energy of $227 million, or $0.47 per diluted share. Highlights include: Delivered sales volumes of 345 MBoe/d, with all business units at or above the midpoint of […]

IMF’s Fourth Review for Egypt’s Extended Fund Facility

IMF’s Fourth Review for Egypt’s Extended Fund Facility

October 31, 2018 No Comments

An International Monetary Fund (IMF) team led by Mr. Subir Lall visited Egypt on October 18-31, 2018 to conduct the fourth review of Egypt’s economic reform program supported by a three-year Extended Fund Facility (see Press Release No. 16/501). At the end of the visit Mr. Lall issued the following statement: “The IMF staff team […]

Eni results for the third quarter and nine months of 2018

Eni results for the third quarter and nine months of 2018

October 26, 2018 No Comments

Eni’s Board of Directors approved the Group results for the third quarter and the nine months of 2018 (unaudited). Highlights Exploration & Production Hydrocarbon production: 1.8 million boe/d in the third quarter of 2018, up by 1.2% q-o-q net of price effects (stable on a reported basis ). Production growth negatively affected by lower-than-expected produced […]

Statement by the IMF Managing Director on Egypt

Statement by the IMF Managing Director on Egypt

September 24, 2018 No Comments

Following a meeting with President Abdel Fattah El Sisi in New York today, Ms. Christine Lagarde, Managing Director of the International Monetary Fund, made the following statement: “President El Sisi and I discussed the good progress under Egypt’s economic reform program supported by the IMF’s US$12 billion Extended Fund Facility. Egypt’s economy is showing strong […]

Zohr field reaches 2 bcfd production target

Zohr field reaches 2 bcfd production target

September 10, 2018 No Comments

Eni announces that Zohr field is now producing 2 bcfd, equivalent to approximately 365,000 boed. This outstanding result has been achieved only a few months after the first gas in December 2017 and one year before the schedule of the Plan of Development (PoD). This level of production was achieved thanks to the start-up of […]

Another gas discovery in the Egyptian Western Desert

Another gas discovery in the Egyptian Western Desert

August 30, 2018 No Comments

Eni announces a gas discovery in the Egyptian Western Desert. The discovery well has been drilled on the Faramid South exploration prospect located in East Obayed concession, 30 km North-West of the Melehia Concession. The well reached the target depth of 17,000 ft and encountered several gas bearing layers in the Kathabta sandstones of Jurassic […]

Eni Extends Lease for Key Assets in Egypt Nile Delta

Eni Extends Lease for Key Assets in Egypt Nile Delta

August 14, 2018 No Comments

Eni announces that Egyptian Authorities have authorized a new Nile Delta Concession Agreement allowing a ten-year extension of the Abu Madi West Development Lease (203 km2), where the Nooros field is located, and the execution of further exploration activities within El Qar’a Exploration Lease (64 km2). These assets are located in the “Great Nooros Area”, […]

Eni Acquires new exploration license offshore Egypt

Eni Acquires new exploration license offshore Egypt

August 14, 2018 No Comments

Eni announced that a new Concession Agreement, aimed at governing an offshore exploration license in the prolific East Nile Delta Basin of the Mediterranean Sea, has received approval by Egyptian authorities. The exploration license, named “Nour”, is located approximately 50 km offshore in the Eastern Mediterranean, in water depth ranging from 50 to 400 meters, […]

New General Manager for DEA Egypt

New General Manager for DEA Egypt

July 10, 2018 No Comments

DEA Deutsche Erdoel AG has named Sameh Sabry as the new General Manager of DEA Egypt. He will take over the responsibilities as of 1 August 2018. On the occasion of the handover, CEO Maria Moraeus Hanssen participated in the farewell reception for Thomas Radwitz who had been General Manager for nearly three years Sameh […]

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