Eni and BP Make “Significant” Gas Discovery in Egypt

10 Jun 2016   Egypt

A new natural gas discovery on the coast of Egypt’s Nile Delta has been made by Eni and British Petroleum (BP). The two companies own a 50-50 share of the Baltim South license, the area of the delta in which the “significant” discovery occurred, a statement by Eni said. Over the last year, several finds in the area have ramped up oil and natural gas investment in the vastly energy-importing country. The “super giant” Zohr discovery occurred last August. At the time, it represented the largest natural gas find in the Mediterranean Sea, according to Eni’s press release. The Nooros field was found last July. Both finds – but especially Zohr – put Egypt on track to be energy independent in the next two years as they come online by the end of 2017. Zohr alone will produce the equivalent of 40 percent of Egypt total natural […]

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