Croatia, Energean and INA has been awarded an exploration license in Egypt

, SEE Energy News

Energean Egypt, a 50/50 joint venture of Energean and Croatian oil company INA, has been awarded an exploration license in Egypt.

The license covers exploration activities in Block-8 of East Bir El-Nus concession in the Western Desert of Egypt. The award is in line with
Energean’s strategy to increase and diversify its presence in Egypt and reinforces its commitment to the country.

The work program for the license includes a 170 square kilometers 2D seismic survey, a 200 square kilometers 3D seismic survey plus two
exploration wells, which are expected to target estimated resources of some 100 millions of barrels of oil equivalent.