The Italian player is aiming to fast track development of the find at the Nooros prospect at the Abu Madi West licence in the Nile Delta, which has led it and Egyptian authorities to update an earlier heads of agreement on the concession.
Chief executive Claudio Descalzi met with Egyptian Minister of Petroleum & Mineral Resources Sherif Ismail on Friday to sign the update of the agreement, first pen in March.
“The
