Eni Signs Two New Exploration Deals in Egypt

Eni has signed two concession agreements for the North Leil and Karawan blocks offshore Egypt as a result of the EGAS 2013 bid round.

 The Italian firm is the operator and holds 100 percent equity in North Leil  and 50 percent equity in Karawan,  where  it partners with BP.

The two blocks, which will be operated by Eni’s subsidiary IEOC, are located in the deepwater  offshore of the Mediterranean, west of the Shorouk block, which Eni acquired last year. North Leil and Karawan blocks cover areas of 5,105 and 4,565 square kilometers respectively.  

The signature of these two new concession agreements follows that of Southwest Meleiha Block recently awarded.

South-West Melehia is operated by Eni through its subsidiary IEOC, which holds a 100% stake. The block covers an area of 2,058 square kilometers and is located immediately south of Melehia license, operated by Agiba, a joint venture of IEOC and EGPC which manages Eni’s operations in the Western Desert.