Eni Gets Two Onshore Exploration Blocks in Egypt
February 15 2019 - 6:02AM
Dow Jones News
By Nathan Allen
Eni SpA (ENI.MI) said Friday that Egyptian authorities have
granted it two onshore exploration blocks, close to existing
commercial oil discoveries.
The Italian oil major said the first block, named South East
Siwa, covers 3,013 square kilometers in Egypt's Western Desert
region and is close to Eni's existing SW Melehia concession. Eni
holds a 100% interest in the block.
The second block, held jointly by Eni and BP PLC (BP.LN), is
named West Sherbean. Eni said it covers 1,535 square kilometers on
the Nile Delta, close to its Nooros oil field.
Eni said the proximity to existing infrastructure will aid
exploration of the blocks.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
February 15, 2019 05:47 ET (10:47 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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