Egypt: New licence agreements signed

Egyptian Natural Gas Holding Company (Egas) has signed concession agreements for blocks awarded last year from its 2015 international bid round. Italy’s Eni will operate the North El Hammad Block in the Nile Delta with a 37.5% stake, alongside BP with 37.5% and Total with 25%. The block covers an area of 1,927km2 to the west of the Abu Madi West and Baltim/Baltim South development areas, where Eni recently made the Nooros and Baltim South West discoveries .BP will operate the North Ras El Esh Block with 50%, while Eni holds the other 50%. The block, which covers an area of 1,389km2, is located north of Damietta and southwest of the Temsah and Port Fouad development areas.