Last updated on September 11th, 2021 at 02:36 pm
The new gasoline discovery off Egypt’s Mediterranean coast could produce up to 32 million cubic ft per day, its Petroleum Minister Tarek El-Molla said on Tuesday.
Earlier this month, Eni, along with contractors BP and Total, effectively drilled the first exploration well in the North El-Hammad concession at Bashrush prospect, which Eni operates.
French oil employer Total said, alongside with companions BP and Eni, it had made a fuel discovery at a properly off the coast of Egypt.
In 2015, Eni was awarded a 37.5 percentage share in the North El-Hammad licence block; the UK’s BP holds 37.5 percent and Total holds the ultimate 25 percent. Exploration by using the three agencies started three years later.
The new discovery is located at a depth of 22 metres, and is 11 kilometres from the coast. It is also close to the Nooros and Baltim South West offshore fields, each of which are also operated with the aid of Eni.
Eni has been operating in Egypt considering that 1954 via its subsidiary IEOC, and its modern each day manufacturing is estimated at 280,000 barrels of oil equivalent.
amwalalghad
The government's statistics regulator showed that South African inflation stayed at 3.2% during February and rose below the projected 3.3%.…
Keywords: Cape Town, African Energy Chamber, Africa, The 2025 African Energy Week (AEW) will host the top energy leaders from…
Recent research shows that Professor Abdessamad Faik believes Africa is at an important energy choice point as renewable-powered hydrogen allows…
The United States plans to shut down its Johannesburg consulate after Sandton Drive gets renamed to Leila Khaled Drive even…
The push toward renewable energy in Africa helps the 570 million people who currently live without reliable power access. Many…
The Algerian government prepares the hosting facilities for the Intra-African Trade Fair 2025, which will open its doors on September…
This website uses cookies.