The government of Egypt has approved for Qatar Energy a 40% stake in an offshore concession where Eni is the operator with 60% interest
The concession is applicable for the North Rafah offshore block located in the Mediterranean Sea, off the northeastern coast of Egypt. It spans nearly 3,000 sq km in water depths of up to 450 meters.
“We are pleased with our new position in the North Rafah offshore block, which further strengthens our presence in Egypt and marks another important step in advancing our ambitious international exploration strategy,” said Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, and president and CEO of QatarEnergy.
“We extend our thanks to the Ministry of Petroleum and Natural Mineral Resources in Egypt, and our partner Eni for their valued support and cooperation. We look forward to working together to achieve our exploration objectives,” he added.
QatarEnergy acquires new stake offshore Egypt
The concession includes the North Rafah offshore block. (Image source: QatarEnergy)
