Eni Sells 20% Stake in Nour North Sinai Concession to Mubadala
November 12 2018 - 6:01AM
Dow Jones News
By Alberto Delclaux
Eni SpA (ENI.MI) said Monday that it has agreed to sell a 20%
stake in Egypt's Nour North Sinai offshore concession to Abu
Dhabi's Mubadala Petroleum.
The concession, located 50 kilometers offshore in the
Mediterranean, is in water depths ranging from 50 to 400 meters and
covers 739 square kilometers.
Eni and partner Tharwa Petroleum Company are currently carrying
out the drilling of the exploration well.
The deal is subject to authorization from Egypt's authorities,
Eni said.
Write to Alberto Delclaux at alberto.delclaux@dowjones.com
(END) Dow Jones Newswires
November 12, 2018 05:46 ET (10:46 GMT)
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