Italy’s Eni to boost natural gas production in Egypt
Italian energy company Eni plans to boost natural gas production in Egypt by 200 million cubic feet per day starting
London based company Energean has finalized a deal with Chariot Energy to acquire a stake and take over operations of the Anchois gas discovery, Morocco’s only offshore commercial hydrocarbon discovery. The deal involves Energean paying $10 million to Chariot and is dependent on the partners needing to drill and test a critical appraisal well. The next stage will involve UK drilling experts Stena Forth for a vital drill stem test on the main gas-bearing reservoirs and target undrilled prospective areas, with the hope of boosting the discovery’s reserves to about 1 trillion cubic feet.
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