The government granted amendments for Sinai 12 and Abu Madi, North Port Said and Baltim, in partnership with BP.
Eni also signed a new concession agreement for Ashrafi in the Gulf of Suez with French oil company Engie.
More than $2b is planned to be invested in the next four years for the projects implementation.
The projects are expected to contribute to the increasing energy needs in the country.
In March, the government signed $40bn worth of heads of agreements (HoA) during an economic development conference held in Sharm El-Sheikh to boost production.
Latest deals are the results of these preliminary agreements.
As per the deals, Eni plans to invest $1.5bn for exploration in the Gulf of Suez and Nile Delta and a further $500m in northern Port Said in the Mediterranean, reported Ahram Online.
An investment of $40m will also be made by Engie and Eni in the Ashrafi while British Petroleum (NP) and Eni will undertake $80m exploration program in the Balteem area of the Mediterranean.
Eni, following discovery of gas reserves of up to 15 billion cubic meters in Egypt’s Nile Delta region, signed an update to the head of agreement with the Egyptian Government in July.
In October, the Italian firm secured two licenses North El Hammad and North Ras El Esh, which are located in the shallow waters of the Mediterranean Sea, in the 2015 Egyptian Natural Gas Holding Company (EGAS) bid round.
Image: Eni discovered gas reserves of up to 15 billion cubic meters in Egypt’s Nile Delta region earlier this year. Photo: courtesy of num_skyman/ FreeDigitalPhotos.net.
