Eni sells 10 pct of Egypt’s Shorouk concession to Mubadala Petroleum
Egypt’s gas journey: The impact of the Zohr field
Eni says to produce 2.9 bcf per day from Egypt’s Zohr field by second half 2019
Egypt’s Zohr gas field: More than just energy
Egypt’s Zohr: Towards self-sufficiency in gas?
Italian oil company Eni said on Sunday it would sell a 10 percent stake in the Shorouk concession in Egypt’s Zohr gas field to Mubadala Petroleum of the United Arab Emirates for $934 million.
Eni currently holds through its subsidiary IEOC a 60 percent stake in the block, the biggest ever gas discovery in the Mediterranean, with 400 million standard cubic feet per day.
Rosneft holds a 30 percent share and BP 10 percent.
The deal fits with Eni’s so-called ‘dual exploration’ st