Egypt

Eni Agrees to Merger of Meleiha and Meleiha Deep Concessions in Egypt

Published on : 2021-06-15

Eni SpA said Tuesday that it has signed an agreement with the Egyptian General Petroleum Corporation and Lukoil PJSC for the merger of two concessions in the country's western desert.


The Italian oil-and-gas major said the concessions of Meleiha and Meleiha Deep will be merged and extended to 2036, with the possibility of a further stretch to 2041.


The new concession, called Merged Meleiha, will be operated by Agiba--the joint venture between Eni's subsidiary IEOC Production BV and the Egyptian General Petroleum Corporation. IEOC holds a 76% interest in the concession, while Russia's Lukoil holds the remaining 24%.

Related Articles

Khalda makes four new petroleum discoveries in FY20/21

Khalda Petroleum Company made four petroleum discoveries during fiscal year 2020/2021 with total reserves of about 21 million barrels of oil equivalent

Read More

El-Hamra Port handles 82m barrels of crude oil in a year

The Egyptian Minister of Petroleum and Mineral Resources, Tarek El-Molla, affirmed that developing petroleum

Read More

Egypt looking to export gas to supply Lebanon with power

Egypt aims to export natural gas as soon as possible to supply Lebanon with power, according to a statement today

Read More
Wintershall Deaneptune LogoSIEnppipetrojetTransGlobe SCHNEIDER-ELECTRIChempleEgypt gasNorthAlmansooriSKY CTS exxonmobilSchlumbergerhttps://www.shell.com/Gasco