Home Business BP and Eni win offshore gas exploration rights in Egypt

BP and Eni win offshore gas exploration rights in Egypt

0

Reuters quoted an unnamed executive official who said British BP and Italy’s Eni had won offshore Mediterranean gas exploration rights. in Egypt.

The Egyptian Oil Ministry announced last week, 8 oil and gas exploration areas awarded in the latest auction.

Tarek El Molla, Minister of Oil and Mineral Resources, announced the results of the first global digital offer for the exploration and exploitation of oil and gas in the Mediterranean, the Western Desert and the Gulf of Suez, which had previously been announced by the Egyptian General Petroleum Corporation and the Egyptian Natural Gas Holding through the Egypt Exploration and Production Gateway.

Eight regions (two in the Mediterranean, four in the Western Desert and two in the Gulf of Suez) have been assigned to Eni, BP, Apex International, Energy Egypt, Ina Nafta, Siptrol and United Energy.

L’area total is estimated in approximately 12.3 thousand km2, with a minimum investment in estimated research periods in approximately $ 250 million, to drill a minimum of 33 wells, in addition to $ 23.7 million in signatures.

Read More About: Business News

NO COMMENTS

Exit mobile version