In detail:
  • the main activities related to the E&P sector conducted by Eni in Egypt since 1954
  • a focus on production activities Nooros and Zohr
  • Eni offices and contacts in Egypt

Exploration & Production

In 2016, hydrocarbon production was 185 thousand boe/day net to Eni, 10,5% of annual production of hydrocarbons. Eni operates over a total developed and undeveloped area of 28,031 square kilometres (10,665 square kilometres net to Eni). Eni’s main producing activities are: 

Nooros: Reached a production plateau of 85.5 kboe/d net to Eni from the Nooros field located in Egypt. This record-setting production level was reached in just 13 months after the discovery in July 2015 and ahead of schedule. With the drilling of additional development wells, the field is expected to reach a maximum production capacity of about 160 kboe/d in 2017. Nooros is an important achievement by Eni’s near-field exploration strategy, aimed at unlocking the presence of additional exploration potential located in proximity to existing infrastructures.

Zohr: Sanctioned by the Egyptian Authorities the development plan of the Zohr discovery, where production start-up is expected by the end of 2017. Completed the drilling of wells and successfully performed the production test, which confirmed the mineral potential of the discovery.

In December 2016, Concession Agreements were ratified for the North El Hammad (Eni operator with a 37.5% interest) and North Ras El Esh (Eni’s interest 50%) blocks, located in the conventional offshore of the Mediterranean Sea.

In February 2016, the Egyptian Ministry of Petroleum and Mineral Resources approved the award to Eni the Zohr Development Lease that allows the start-up of the development program at the Zohr gas field in the Shorouk operated license (Eni’s interest 100%) and, as a consequence, the FID was sanctioned and added proved reserves for the field. The first gas is expected at the end of 2017.

Eni successfully performed the first production test of two wells and drilling delineation and development activities confirming the mineral potential of discovery at approximately 30 Tcf of gas in place. Drilling activities will continue in 2017 together with construction activities of onshore gas treatment plant and offshore facilities installation.

Eni signed two agreements with major international players in the oil&gas business for the disposal of a 40% interest in the giant discovery Zohr. These transactions are a part of Eni’s “dual exploration model” which is targeting simultaneously the fast-track development of discovered resources and the partial dilution of the high stakes retained in exploration leases to monetize in advance part of discovered volumes.

The agreements concerned the sale of:

  • a 10% interest to BP for a consideration amount of $375 million and the pro-quota reimbursement of past expenditures, which amount so far at approximately $150 million;
  • a 30% interest to Rosneft for a consideration amount of $1,125 million and the pro-quota reimbursement of past expenditures, which amount so far at approximately $450 million. In addition, the new partners have an option to buy a further 5% interest under the same terms.

In February 2017, Eni signed a deed completing the sale of 10% interest to BP, with all authorizations from Egypt’s authorities. The sale agreement with Rosneft will be finalized in the first half of 2017 and subject to necessary authorizations from Country’s authorities.

During the year, targeting production of 85.5 kboe/d net to Eni was achieved at the Nidoco NW field and satellites as a part of the Great Nooros Area project in the Abu Madi West concession (Eni’s interest 75%). The start-up was achieved in 13 months following the announcement of the commercial discovery in July 2015 by means of the exploration successes in the Nooros area and the drilling of the new development wells. Production plateau of 160 kboe/d is expected in 2017 with the completion of ongoing development activities.

The potential at the Baltim South West field discovery (Eni operator with a 50% interest), in the conventional offshore, was upped to approximately 1 Tcf of gas in place due to successful test of the delineation well. The discovery is located near the Great Nooros Area.

Other development activities concerned:

  • ongoing activity of the sub-sea END Phase 3 development project in the Ras El Barr concession (Eni’s interest 50%) with the drilling and completion of two wells;
  • infilling activities and production optimization at the Sinai 12 (Eni’s interest 100%), Ashrafi (Eni’s interest 25%) and Meleiha (Eni’s interest 76%) concessions to support production capacity;
  • start-up of the onshore gas treatment plant in the Meleiha concession.

Offices & contacts

Exploration & Production
Ieoc Production B.V.
Building No. 200 and 201, Second Sector of City Centre, Fifth Settlement
New Cairo,
Arab Republic of Egypt
P.O. Box: 2 - Fifth Settlement, 11835

Tecnomare Egypt Ltd.
4A St. 200, Degla, Maadi - Cairo, Egypt
Tel. +20 2 7028432
+20 2 7028349
Fax. +20 2 7028461

Gas & Power
Egyptian International Gas Technology Co.
Gastec Building
El Teseen -5th Street Settlement Area
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