There was good news for Petroceltic (PCI) over the weekend. ENI announced that it had made a 30tcf GIIP discovery offshore Egypt, the largest ever gas find in the Mediterranean. The discovery, Zohr, is in the corner of a block adjacent to the North Port Fouad (NPF) licence, which Petroceltic shares on a 50:50 basis with Edison (operator). Zohr is around 3.5km from the block boundary and, according to ENI, covers 100km2. It is therefore possible that the field encroaches into the PCI/Edison bl
01 Sep 2015
Massive ENI discovery close to PCI licence
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Massive ENI discovery close to PCI licence
There was good news for Petroceltic (PCI) over the weekend. ENI announced that it had made a 30tcf GIIP discovery offshore Egypt, the largest ever gas find in the Mediterranean. The discovery, Zohr, is in the corner of a block adjacent to the North Port Fouad (NPF) licence, which Petroceltic shares on a 50:50 basis with Edison (operator). Zohr is around 3.5km from the block boundary and, according to ENI, covers 100km2. It is therefore possible that the field encroaches into the PCI/Edison bl