Project Profile
Value: US$75 million
Location: Nile Delta, southwest of the Temsah area and west of the Baltim area, Egypt
Area: 1,389 sq. km
Start-up Year: -
Eni has acquired stake in an offshore block in the Egyptian waters of the Mediterranean Sea. The block, which will be managed by Eni’s subsidiary IEOC, is in the shallow waters of the Mediterranean Sea, facing the Nile Delta and located southwest of the Temsah area and west of the Baltim area, where Eni operates existing fields and production facilities. The North El Hammad block covers an area of 1,389 square kilometres.
Operators:
IEOC (subsidiary of Eni): Operator with 37.5% interest
BP: 37.5% interest
Total: 25% interest