Italian oil and gas explorer Eni has signed a new concession agreement to operate in the southwest Melehia Block, located in the Western Desert of Egypt
The deal came after the 2013 Egyptian General Petroleum Corporation (EGPC) and Egyptian Natural Gas Holding Company (EGAS) bid rounds in the North African country, Eni added.
Southwest Melehia covers an area of 2,058 sq km and is operated by Eni through its subsidiary IEOC, which holds a 100 per cent stake in the block. It is located immediately south of Melehia license and is operated by Agiba, a joint venture of IEOC and EGPC.
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