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Sunday, 29 July 2018

Edison to begin drilling exploratory wells in Mediterranean concessions in 2H2019

Italy’s Edison will begin drilling exploratory wells at its North East Hapi and Theqa concessions in 2H2019, Oil Minister Tarek El Molla said. The company’s studies of the concessions show geological structures that indicate there is a “good chance” the areas hold natural gas reserves. Edison had signed an USD 86 mn agreement with EGAS in January 2017 for E&P operations.

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