Eni Starts Operating 3 New Drilling Rigs in Egypt to Boost Oil, Gas Production

Italian company Eni confirmed the start of operation of 3 new drilling rigs in Egypt for Agiba Petroleum Company in the second week of September.

This step comes within the framework of efforts to raise production rates to their targeted levels.

Egyptian Minister of Petroleum Karim Badawy paid an official visit to Italy to discuss ways to enhance joint cooperation between Egypt and the Italian company Eni in oil and gas activities.

This visit comes as an affirmation of the importance of the existing strategic partnership between the two sides, and Egypt's efforts to attract more investments in the energy sector, which contributes to achieving economic development and securing energy supplies in the region as part of Egypt's efforts as a regional energy hub.

The visit included a meeting with the CEO of the Italian company Eni, Claudio Descalzi, a field visit to the research department and electronic laboratories, as well as an expanded meeting with the new energy, biofuels, carbon capture and storage, and asset preservation team.