Eni Buys into Egypt's Habi Offshore Concession

Published

(Photo: Eni)
(Photo: Eni)

Italian energy company Eni has bought 70% of Edison's stake in Block 12 of the offshore Habi gas concession in Egypt's eastern Mediterranean, an official at state-owned Egyptian gas company EGAS said on Thursday.

The official, who spoke on condition of anonymity, declined to give further details. Edison won Block 12 in a bidding round run by EGAS in 2015.


(Reporting by Ahmed Ismail; Writing by Aidan Lewis; Editing by David Goodman)

Current News

Coastal Virginia Offshore Project Costs Increases to $11.5b

Coastal Virginia Offshore Proj

Equinor Extends Seadrill Drillship’s Stay off Brazil

Equinor Extends Seadrill Drill

MODEC Partners with Eld Energy, Delta to Advance FPSO Decarbonization

MODEC Partners with Eld Energy

Conrad, Empyrean Agree Settlement Framework Over Duyung PSC Interests

Conrad, Empyrean Agree Settlem

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine