- Global Markets: LNG Buyers in Asia Look to Resell Supply
- Global Oil & Gas: EU Rules on Methane Curbs May Boost LNG Industry - Exxon
- Global Oil & Gas: Venture Global Accused of Reneging on LNG Contracts for Europe
- Global Oil & Gas: Oil Unchanged as Market Struggles for Direction
- Energy Transition: Projections of peak oil, gas, and coal demand before 2030 deemed ‘extremely risky and impractical’
Eni’s investment in its activities in Egypt reached US$2.7 billion in 2017, the company’s CEO, Claudio Descalzi noted during his meeting with Egypt’s president Abdel Fattah el-Sisi.
Descalzi and el-Sisi discussed the ongoing development activities of the giant Zohr gas field that is progressing according to schedule and the production startup is confirmed for the end of 2017.
In addition to the Zohr gas field activities, the parties discussed the Nooros development, which will produce about 25 mscm/d (172,000 boepd) by the end of January 2017.
Descalzi and el-Sisi also discussed Eni’s future exploration activities in Egypt, including the two new concession agreements for the North El Hammad and the North Ras El Esh blocks, signed in December as a result of the EGAS 2015 international bid round.