Egypt signs El-Bougaz agreement

June 20, 2006
Egypt and Eni signed an exploration agreement for the El-Bougaz block in the Mediterranean Sea. Also, Damietta LNG plant throughput to double.

Offshore staff

Egypt and Eni signed an exploration agreement for the El-Bougaz block in the Mediterranean Sea.

Eni also said it would be expanding the Damietta gas liquefaction plant to double its capacity by adding a second train and that this new capacity would lay the groundwork for more exploration and development in Egypt, especially the Nile Delta deepwater fields. The new capacity would be 7.6 bcm.

The plant is a partnership of Eni, Union Fenosa, Spanish Egyptian Gas Co., BP, Egas, and Egyptian General Petroleum Corp.

6/20/06