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Eni wins rights for two onshore exploration blocks in Egypt

Monday 18 February 2019 12:51 PM

oil company ENI
oil company ENI

Italian oil and gas major Eni has bagged rights for two onshore exploration blocks - South East Siwa and West Sherbean in Egypt through two separate bidding rounds, according to sources.
Eni won the South East Siwa block, all on its own, after prevailing in the EGPC 2018 competitive bid round.

Spread over an area of 3,013km2, the onshore block is located in the Western Desert near the company’s SW Melehia Concession, where two commercial oil discoveries have been made. Preparations are underway for the development plans of the two discoveries.

The second exploration block won by Eni is the West Sherbean block, which is in a 50:50 consortium with BP. Eni will be the operator of the block, which has been won during the  EGAS 2018 competitive bid round.

Located in Nile Delta, the West Sherbean block is immediately southwest of the new Nile Delta concession awarded to the company in August 2018, which contains the producing Nooros field.