Eni Secures 2 New Exploration Licenses in EGAS Bid Round

Eni revealed Monday that it has been awarded two new exploration licenses in the Mediterranean Sea, as part of the 2015 EGAS bid round.

The company has secured a 37.5 percent participating interest in, and operatorship of, North El Hammad, where it will partner with BP, which will hold a 37.5 percent interest, and Total, which will hold a 25 percent interest. Eni was also awarded a 50 percent participating interest in North Ras El Esh, where it will partner with BP, which will hold the remaining 50 percent interest and act as operator.

The two blocks, which will be managed by Eni’s subsidiary IEOC, are in the shallow waters of the Mediterranean Sea, facing the Nile Delta, and are located southwest of the Temsah area and west of the Baltim area, where Eni operates existing fields and production facilities. The North El Hammad and North Ras El Esh blocks cover areas of 536 and 744 square miles, respectively.

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