sign in sign up
<<
Home , Eni, New Cairo

A 60 YEARS SUCCESSFUL HISTORY

MOC Mediterranean Offshore Conference ENI IN 17-19 April 2018 (Egypt) 1954

Eni starts operating in Egypt with the MISSION acquisition of shares of the company Ieoc (International Egyptian Oil Company), which will become fully owned in 1961. 1955 2001 Belayim onshore field, the first oil discovery Intersinai gas pipeline. The gas from Nile in the Sinai region – Gulf of . Delta’s Petrobel fields is delivered to the Sinai region, thus favoring its growth and further 1957 export to Jordan. Innovative agreement to set-up Cope 2004 (Compagnie Oriental de Petrol d’Egypt), an Italo-Egyptian company. Start-up of operations of LNG plant, For the first time the producer Country shares constructed and run by SEGAS (Eni 40%). The the management and the control of plant processes gas from the Nile Delta fields operations. and LNG is shipped mainly to Spain. 1961 2008 Belayim Marine offshore oil discovery Ieoc achieves its record production of Gulf of Suez. 624,000 boe/day of which 542,000 boe/day operated by 50% owned companies Petrobel 1967 and Agiba. We are an energy company. First discovery in Egypt in the Nile 2015 We are working to build a future where everyone Delta, with reserves of over 80 billion cubic Eni SpA meters. Announcements of two important discoveries, can access energy resources efficiently and sustainably. Nooros field in the Abu Madi West Piazzale , 1 development lease in the Nile Delta and Zohr, 00144 - Our work is based on passion and innovation, 1980 a world class supergiant gas field in Shorouk Ph. +39.06.598.21 Introduction of the “gas clause” in the Concession Agreement. The Zohr discovery is Fax +39.06.598.221.41 on our unique strengths and skills, on the quality of our people Production Sharing Agreements, aimed at considered the largest in the Mediterranean. eni.com enhancing the exploration of natural gas and in recognising that diversity across all aspects of our operations resources and the development of the fields 2016 Ieoc Exploration BV - Egyptian Branch discovered. Ieoc Production BV - Egyptian Branch and organisation is something to be cherished. Baltim SW field gas discovery. Ieoc SpA - Egyptian Branch Bldg. 200-201 – 2nd Sector - City Centre We believe in the value of long term partnerships with the countries 1981 & 1987 th 2017 5 Settlement – 11835 - New Agiba is set-up in order to further Egypt and communities where we operate. develop the activities in the Western Desert November – Gas production record with subsequent Farm In in the Meleiha of 1.1 bcfd in Nooros. Concession in 1987. December – First gas of Zohr. printed in March 2018 ENI IN EGYPT

ZOHR NOOROS EXPLORATION Zohr 30 TCF 100 KM2 1.1 BCFD POTENTIAL GAS RECORD PRODUCTION & PRODUCTION Zohr’s launch is the result of our ability, our technological innovation and our TOTAL EXTENT OF RESOURCES AT THE THE ZOHR FIELD, IN NOVEMBER 2017 tenacity in pursuing even the most challenging of objectives and we should ZOHR SITE LARGEST IN THE be very proud of ourselves... This discovery will transform , MEDITERRANEAN allowing the country to become self-sufficient and change from being KBOED 15,707 52 5.5 BILLION 210 SQUARE KILOMETERS LICENCES an importer of natural gas into a future exporter. Claudio Descalzi BARRELS OF OIL BARRELS OF OIL 2,352 KM2 EQUIVALENT EQUIVALENT CORRESPONDING EXPLORATION ACREAGE CORRESPONDING TO THE CUBIC IN WATER DEPTH Eni’s activities in Egypt have been marked Ieoc holds 52 licenses (41 of which are TO THE CUBIC METERS OF GAS Zohr is the largest gas discovery ever made in Egypt and in METERS OF THE by a number of successes, resulting in major operated) for a total acreage of 15,707 square the and will be able to satisfy a part of SUPERGIANT GAS energy projects that have fostered the kilometers. These licences are distributed in 20 WELLS Egypt’s natural gas demand for decades to come. 13 WELLS Country’s economic development. three main hydrocarbon provinces: the Gulf TO BE DRILLED The field has a potential of up to 30 Tcf (850 billion cubic BY 2019 CURRENTLY Eni is operating through its subsidiary Ieoc of Suez/Red Sea, the Nile Delta/Mediterranean PRODUCING GAS meters). Eni has produced its first gas from the supergiant IN THE NOOROS FIELD that performs directly exploration activity offshore and the Western Desert. Zohr field in a record time for this type of field, less than while development and production 2017 2016 2015 2014 two and a half years from the discovery and just 22 months operations are carried out through joint The company is the Country’s main The huge efforts continue The business opportunity Opportunity identified and a After Eni won the 2012 bid from the Development Lease. to make an extraordinarly is defined into a development wildcut well designed to spud round, the Egyptian parliament (50/50) operating companies, namely producer with an equity production (2017) crashed schedule happen. plan approved and evolved in mid 2015. The giant ratifies the concession in HIGHLIGHTS On December 20th the into a development lease discovery is made in August January 2014 with Eni holding Petrobel and Agiba, set up with the Egyptian of approximately 230,000 barrels of oil onshore plant is started in February 2016. 2015 after the well encountered 100% shares. Plans for the LOCATED 180 KM (110 MILES) 20 WELLS ARE EXPECTED up and first gas sold to the Early construction works are the promising carbonate seismic acquisition campaign General Petroleum Corporation (EGPC). equivalent per day. NORTH OF AND TO BE DRILLED BY THE ZOHR MILESTONES domestic market. immediately kicked off. reservoir. get started. Eni also holds a 33.33% stake in United Gas 1,500 M WATER DEPTH END OF 2019 Derivatives Co. (“UGDC”) in joint venture with Ieoc exploration efforts in the last years have BP and GASCO with the mission to treat gas been aimed to unlock further potential for in order to extract LGPs, conds and propane. the substantial rise of national gas production. Nooros Agiba ZOHR AND NOOROS

The Nooros gas field is located offshore the Nile Delta within the Abu Madi concession. On 14th March 2018 Agiba, the operating joint venture company between Eni’s ARE ONES OF SEVEN ˛ SUCH EFFORTS MATERIALIZED PRIMARILY THROUGH The gas, currently produced through thirteen (13) wells, is treated half at Nidoco facility, subsidiary Ieoc Production BV and the state company Egyptian General Petroleum RECORD-BREAKING THE DISCOVERIES OF NOOROS AND THE GIANT ZOHR located nearby the field, and half delivered through 25 km pipeline to the Abu Madi plant, Corporation (EGPC), reached the remarkable target of 500 million barrels cumulative PROJECTS OF ENI operated by Petrobel. After treatment, the gas is then delivered to the national grid. The production. Agiba is active since 1981 with operations mainly focused in the of Eni’s reservoir was discovered in July 2015, production started in August of the same year and oil and gas concessions located in the Western Desert Area of Egypt, where the reaching the record production of 1.1 bcfd in November 2017. On 14th March 2018, with the recent effort towards new exploration and development activities has brought RENEWABLE ENERGY PROJECTS startup of NW-7 well, the thirteenth well drilled within this field, the production of Nooros to unprecedent results. In particular, thanks to the development of a number of new Eni and the Egyptian Authorities have agreed on a common strategy to implement a series was strengthen reaching 32 million cubic meters per day (1.13 bcfd), equivalent discoveries such as Rosa North, Emry Deep and Melehia West Deep within existing of renewable energy projects in order to promote the development of a more sustainable energy to around 215,000 barrels of oil equivalent per day (boed). conventional asset, Agiba, leveraging on its operated infrastructures has been able mix in Egypt. Ieoc is actively working for starting the first solar project (50 MWp capacity) to produce and valorize oil resources amounting to around 110 MMbbls in the latest in the Sinai peninsula, near Belayim Facilities. The plant is expected to be built in 2018 5 years, thus reaching the target of 500 MMbbls as oil cumulative production. and connected to the national grid.