Tag Archives: Egypt

Eni’s confidence on exploration, production offsets loss (Reuters)

Eni said it expected the giant Kashagan field to start up in October this year, producing 230,000 boe by year-end, rising to 370,000 boe by mid-2017.

Eni is also looking to sell down its stakes in its Area 4 field in Mozambique and its giant Zohr acreage in Egypt to help fund development.

The company plans to raise 7 billion euros from asset disposals by 2019, including 5 billion in the next two years.

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