Eni Announces New Gas Discovery In Egypt
September 16 2020 - 4:59AM
Dow Jones News
By Pietro Lombardi
Eni SpA said Wednesday that a new gas discovery was made
offshore Egypt.
The discovery was made in the Great Nooros Area, located in the
Abu Madi West Development Lease, in the conventional waters of the
Nile Delta.
The Italian company estimates that the Great Nooros Area may
have gas reserve of more than four trillion cubic feet.
Eni has a 75% stake in the license of Abu Madi West Development
Lease, with BP PLC holding the remaining stake.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com;
@pietrolombard10
(END) Dow Jones Newswires
September 16, 2020 04:44 ET (08:44 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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