NEWS

Eni Sells 10% Of Offshore Field For $934M

Eni says it is selling a 10 percent stake in the Shorouk concession in Egypt’s giant Zohr gas field to Mubadala Petroleum of the United Arab Emirates for $934 million.

The oil giant says it is also signing a 40-year agreements for stakes in two Abu Dhabi concessions for $875 million.

Eni currently holds a 60percent stake in Shorouk, while Rosneft and BP own respective 30percent and 10percent stakes. Zohr is the largest ever gas discovery in the Mediterranean, with 400M cf/day.

Also, Eni is acquiring a 5percent stake in the Lower Zakum offshore oil field for $300M and another 10percent stake in the oil and gas offshore fields of Umm Shaif and Nasr, all offshore Abu Dhabi, for $575 million.

Poll

Subscribe To Newsletter


NNPC MONTHLY OIL AND GAS REPORT JULY 2020T


CLICK IMAGE TO DOWNLOAD FULL REPORT IN PDF

NPC Monthly Report
Click to comment

Contact Us!

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

To Top