Energean announces final investment decision on offshore Egypt project ...United Arab Emirates

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Energean announces final investment decision on offshore Egypt project
London-based Energean has said that it has made a Final Investment Decision on the North El Amriya and North Idku (NEA/NI) concession subsea tieback project in offshore Egypt. According to the company, the NEA concession contains two discovered and appraised gas fields (Yazzi and Python) while the NI concession contains four discovered gas fields, one of which is readied for development. The total expenditure of the project will be approximately $235 million, the  majority of which is expected to be incurred in 2022, the statement from Energean said. It added that global oil and gas company TechnipFMC has been awarded the EPIC contract to deliver the project, while the NEA/NI drilling campai

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