General – Acquisition
QatarEnergy has completed a farm-in transaction with Eni, acquiring a 40% participating interest in the North Rafah exploration block, offshore Egypt.
The agreement, recently approved by the government of Egypt, grants QatarEnergy a 40% stake in the offshore concession, with Eni as the operator retaining the remaining 60% interest.
The North Rafah offshore block is located in the Mediterranean Sea, off the northeastern coast of Egypt. It spans nearly 3,000 square kilometres in water depths of up to 450 meters.
