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Eni's commitment to enhancing the value of gas

Studying plans to complete the transition and decarbonisation of the Egyptian energy sector were some of the topics at the centre of the meeting in Cairo, held on 16 January 2023 between the President of the Arab Republic of Egypt, Abdel Fattah El-Sisi, and Eni's CEO, Claudio Descalzi. It was an opportunity to develop circular economy projects and collaborate on emission reduction technologies as foreseen by signing the Memorandum of Intent (MoI). In line with this strategy, which is also aimed at ensuring security and diversification in the gas supply, in February 2023 the Damietta plant produced its 500^th LNG cargo after resuming production in March 2021.

28 mm bbl

annual oil and condensate production

516 bfc

annual natural gas production

126 mm boe

annual hydrocarbon production

Our exploration activity in the country

Eni operates in Egypt over a total developed and undeveloped area of 18,712 square kilometres, with primary assets in the Eastern Mediterranean, the Western Desert and the Gulf of Suez. The last gas discovery, in chronological order, dates back to January 2023, with the Nargis-1 well in the Nargis Offshore area concession in the eastern Mediterranean Sea. This is important confirmation of the effectiveness of Eni's strategy with a focus on the Egyptian offshore. In the field of hydrocarbons, production was already 346,000 boe per day in 2022. In the same year, desalination plants were also installed and upgraded in the country, with projects for the re-injection and enhancement of the production water for Improve Oil Recovery (IOR) purposes.

Renewable energies - an agreement for hydrogen production

In view of the Net Zero goal set for 2050, in July 2021 Eni signed an agreement with Egyptian Electricity Holding Company (EEHC) and Egyptian Natural Gas Holding Company (EGAS) to assess the technical and commercial feasibility of projects for the production of hydrogen. More specifically, green hydrogen, through the use of electricity generated from renewable sources, and blue hydrogen, through the storage of CO₂ in depleted natural gas fields. The study will also analyse potential hydrogen consumption in the local market and export opportunities. This is further support to Egypt in the completion of its energy transition through the diversification of the energy mix.

We create energy

In Egypt, we are involved in the offshore and onshore development of the Zohr, Nooros, Baltim W and Meleiha hydrocarbon projects, but we also aim to have a positive impact on communities through our initiatives. As part of the social responsibility initiatives in 2020, the socio-economic and health support programmes defined in the Memorandum of Understanding signed in 2017 were continued. Also in this area, in 2021 we conducted work on the water network to reduce water losses in the system at Abu Madi. The intervention resulted in a decrease in freshwater withdrawals supplied by third parties of approximately 190 m³ per day at the end of 2021 compared to 2019. In order to meet the needs of the operational site, two coastal wells were drilled and once the compatibility of the water with the fire fighting system had been assessed, they were connected to the fire fighting system's supply network with an estimated monthly saving of approximately 2,000 m³.

Zohr, a discovery that never ceases to amaze us

The field is the largest gas discovery ever made in Egypt and the Mediterranean Sea, and the integrated approach used has allowed us to bring the first gas into production less than 2.5 years after its discovery, which is a record time for this type of field. Zohr is located within the Shorouk concession, approximately 190 kilometres north of Port Said.

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650M

boe proven reserves as of December 31, 2022

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Nooros, the Nile Delta and its gas

We discovered the field (where we operate on 75% of the area) in July 2015 and started production there in record time in September of the same year. In 2018, we completed the start-up of two additional development wells and in 2019 we completed a pipeline to transport gas to the treatment plant in El Gamil. The discovery of the Nidoco NW-1 well in the Abu Madi West concession was made in 2020.

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90Kboe/d

produced in Abu Madi West in 2021

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Port Said, our approach to local development

In the town overlooking the Mediterranean, where the Zohr, El Gamil and UGDC onshore plants are located, we have set up a business model strongly focused on long-term value creation.

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2,300

people used the Youth Centre

Discover Port Said

Ensure healthy lives and promote well-being for all at all ages

Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all

Ensure availability and sustainable management of water and sanitation for all

Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all

Reduce inequality within and among countries

Strengthen the means of implementation and revitalize the global partnership for sustainable development

Eni Foundation projects in the world

With Eni Foundation, we have launched a series of initiatives to promote health in Egypt.

The brochure dedicated to our activities in the country

In this document, we tell the story of how business projects and local development initiatives have unfolded in the area over 67 years of continuous activity.

Read the brochure