Eni in Egypt April 2016 2 3 Eni’s Milestones | 1955 | 1961 | 1983 | 2004 | 2010 Eni’s subsidiary Ieoc makes the Another success for Eni with the Discovery of the Port Fouad at enhancing the exploration Start-up of operations by acquiring new exploration Sanapl and Jasmine oil fields The year 2010 witnesses first oil discovery, the Belayim discovery of the first Egyptian gas field in the offshore of the of natural gas resources and of Damietta LNG plant, blocks discovery in Meleiha Concession the achievement of Temsah onshore field in the Sinai region, offshore field, Belayim Marine, Nile Delta facing Port Said. the development of the fields constructed and run by SEGAS in February and April respectively Concession Area production in the Gulf of Suez which today is still the Country’s Ieoc subsequently discovers discovered. The clause gives (Eni 40%). The plant processes | 2006 development by the addition largest oil reservoir many other gas fields in the EGPC the opportunity to gas from the Nile Delta fields Ieoc signs a Framework | 2009 of Tuna field production in July | 1957 Mediterranean offshore develop the domestic market and LNG is shipped mainly to Agreement to construct the Thekah, Fayrouz and North 2010 where total rate of Further positive results from | 1967 and to start export projects Spain. Start-up of a United Gas second liquefaction train in Bardawil gas fields are put on Temsah Concession production exploration lead to establishing Discovery of the first natural | 1987 Derivatives Co.’s plant (Eni Damietta together with its stream contributing to Egypt exceed 800 MMscfd by December the company COPE (now gas field in Egypt in the Nile Further acquisition of | 1993 33.3%) in Port Said, for LPG partners production with ca. 25,000 2010. For Ras el Bar Concession Petrobel), with the participation Delta, with reserves of over 80 exploration permits in the Extension of the Petrobel leases propane production and boe/day. Extension of the the production from (Ha’py of Ieoc and the State petroleum billion cubic meters Western Desert, which will (Sinai and Abu Madi) until 2020 condensate extraction from | 2008 Petrobel leases (Sinai and field) new gas starts in agency (now EGPC). become another major source rich gas. LPG and condensates Ieoc achieves its record Abu Madi) until 2030. December 2010 with rate of 100 With this innovative agreement, | 1981 of oil | 2001 are utilized in the local market production of 624,000 Jasmine East oil field MMscfd Arcadia and Jana for the first time the producer Acquisition of Meleiha Intersinai gas pipeline. The gas boe/day of which 542,000 discovery in Meleiha oil fields discovery in Meleiha Country shares the management Concession in the Western Desert. | 1988 from Nile Delta’s Petrobel | 2005 boe/day operated by 50% Concession in January Concession in July and December and the control of operations The company Agiba Petroleum is Introduction of the “gas clause” fields is delivered to the Sinai Ieoc maintains a leading owned companies Petrobel 2010 respectively set up in order to further develop in the Production Sharing region, thus favoring its growth position in gas exploration and Agiba. the activities in the Concession Agreements (PSAs), aimed and further export to Jordan 4 5 | 2011 | 2014 | 2015 Our Activities Ieoc performs exploration directly and coordinates development In 2011, Denise B field started The first of the five A year of achievement for Eni In August, the discovery and production operations through operating companies jointly set its production in July and the development wells of the in Egypt. of Zohr was announced, up with the Egyptian General Petroleum Corporation (EGPC) and total production of Temsah Deka gas project was put In Meleiha Concession located in Shorouk Concession Eni’s activities in Egypt have been marked by a number Egyptian Natural Gas Holding Company (EGAS). Shares of said Concession exceeded 1.1 online in August 2014. in the Western Desert, Melehia Agreement, where Ieoc of successes, resulting in major energy projects that have operating companies are held equally by EGPC or EGAS (50%) Bscf/d by December 2011. Completion of the full field West Deep oil and gas field, was Production BV is the 100% fostered the Country’s economic development. and Ieoc and its partners of international oil companies, if any Aman South West oil field development plan was discovered in January. Contractor with EGAS, (collectively 50%). discovery in Meleiha achieved by May 2015 with In the same month the following the successful Egypt is one of the most important Countries in the Middle Concession in March an average rate of about 180 Investment Summit was held drilling of Zohr-1 well. East, and has always played a strategic role as a bridge Ieoc holds 57 licenses (49 of which are operated), for a total acreage MMscfd. Ieoc Production BV in Sharm El-Sheikh and a The Zohr discovery is between Europe, Asia and Africa. Today Eni is one of the leading of 9,668 square kilometers. These licenses are distributed in the | 2012 acquired four new exploration Heads of Agreement was considered the largest in the international players in the Country, thanks to a long-standing Country’s three main hydrocarbon provinces: the Gulf of Suez/Red New production in Ras El Bar licenses in the deep offshore signed worth $5 billion (100%) Mediterranean. The supergiant and fruitful collaboration with the Egyptian institutions. Sea, the Nile Delta/Mediterranean offshore and the Western Desert. Concession (Seth field) in June waters of the Mediterranean over the next years. gas field holds a potential Today Ieoc is the leading producer in Egypt, accounting for about 2012. Emry Deep oil field, Sea (Shorouk Offshore, North The said investment are of 30 tcf of natural gas. Eni has started operating in Egypt since 1954 with the acquisition Aman South and Nada West Leil Offshore and Karawan relevant to concessions in the As a result of the competitive of shares of the company Ieoc, which became fully owned in 1961. oil field discovery in Meleiha Offshore) and in the Western Mediterranean, the Western 2014 EGAS bid round, Ieoc has Concession respectively in Desert (South West Meleiha). Desert, the Nile Delta and been awarded with two new This stemmed from the effective understanding between Enrico January, March and May Dorra North Gas field Sinai. Accordingly Eni signed in exploration blocks located in Mattei, first Eni’s President, and Gamal Abdel-Nasser, President discovery in Meleiha November three amendments the Egyptian offshore of the of the Republic of Egypt. The encounter between Eni and Egypt | 2013 Concession in October. for the concessions of “Sinai Mediterranean Sea, North came at a time when modern oil exploration had just started Finalised the full field Finalised the full field 12 and Abu Madi”, “North Port El Hammad and North Ras El and called for efforts and a strong commitment to assess the development plan of the Emry development plan of Emry Said” and “Baltim” and one Esh waiting for ratification Country’s potential. Deep oil field with a peak oil Deep oil field with a peak oil new Concession Agreement, rate of 27,000 bopd. Rosa rate of 32,700 bopd “Ashrafi”. In April a record level Natural gas is Egypt’s big challenge for the new millennium, North , Aman Deep, Aman of production of 70 thousand being an invaluable resource for the economic development Dome and Jasmine South East barrels of oil per day was of the Country and for exports. Moreover, it gives Eni a great oil fields discovery in Meleiha reached in the Western Desert. opportunity to implement integrated projects that encompass Concession in February, June, the entire gas value chain. August and December 2013 In July, Ieoc through Petrobel respectively. Qattara Rim and has announced the discovery of Qattara North oil fields discovery the Nooros field located in the Main Operations in East Kanayis Concession in Abu Madi West development September and October lease in the Nile Delta which is Eni has been working successfully in oil and gas exploration respectively estimated to contain about 530 and production through its branches in Egypt, Ieoc Exploration bcf of gas in place, beside to BV, Ieoc Production BV, and Ieoc SpA, and operating through associate condensates. its joint operating companies Petrobel and Agiba. 6 7 Ieoc Activity Map 28% of the gross annual hydrocarbon production in the Country, treatment capacity, and gathers some 85,000 barrels/day of oil from more specifically, 23% of liquids and 34% of gas. Eni’s companies onshore and offshore fields - Belayim Marine, Belayim Land, Abu Rudeis, operate 402,000 boe/day. Sinai and Ras Garra - all operated by Petrobel. Petreco are connected to NORTH LEIL KARAWAN the Feiran tank farm and marine terminal, with a storage capacity N Ieoc Prod. 50% (op.), BP 50% Ieoc Prod. 100% Eni’s objectives are on the one hand to significantly contribute of 2 million barrels. ZOHR Ieoc Prod. 100% SHOROUK to a substantial increase in gas reserves in the Mediterranean W E Ieoc Prod. 100% which will contribute to meeting both the domestic demand Agiba Petroleum, the other Ieoc operating company, produces about TENNIN (SUB AREA) -T1 Ieoc Exp. 50% (op.), BP 50% RAS EL BARR HA’PY, SETH and export opportunities. 2,425 barrels/day of oil from the Ashrafi offshore oil field in the Gulf S WEST BALTIM Ieoc Prod. 50% , BP 50% (op.) Mediterranean Sea MERET, ATEN of Suez. Ieoc SpA 100% NORTH EL BURG SATIS, SETH SOUTH, TAURT NORTH TEMSAH On the other hand to find reserve which will help managing BALTIM Ieoc SpA 50% , BP 50% (op.) TUNA, DENISE, TEMSAH, KAROUS B.S., B.E., B.N., B.N.E.