Noor Field
Eni owns 85 percent of Noor concession through a subsidiary, while the other 15 percent goes to Tharwa Petroleum Company.
The source added that the Italian company started digging in the last week of September, noting that the digging process will not take more than two months.
Egypt has recently signed several oil agreements for the exploration of oil and gas in several areas, including the Mediterranean and the Gulf of Suez.
Noor field is in the offshore North Sinai Shorouk concession with 90 trillion cubic feet (tcf) of natural gas reserves, three times bigger than Zohr gas field.
Before the end of August, we will start drilling," the source said.
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