Enerjya International Limited is our International upstream Exploration & Production division focusing on the Middle East and North Africa. It is the 100% owner and operator of the Lagia Development Lease granted in January 2010 (the “Asset”), through its wholly owned subsidiary, Mena International Petroleum Company Limited (“MIPCL”) acquired in September 2021.
License area: 32 square kilometers.
License period: 2010 to 2030 with renewal option until 2035.
Interest: Mena International Petroleum Company Limited (“Mena”) – 100%, which is 100% subsidiary of Enerjya International Limited (“Enerjya”).
Location: Onshore block located on the Sinai Peninsula, Egypt, directly adjacent to the Gulf of Suez, and around 26km south of the Asl field.
Nearest town: Ras Sudr.
Primary activity: Development of the Lagia Oil Field and optimization of oil production.
Studies undertaken: Interpretation of existing 2D seismic data and analysis of all geophysical well log data.
Operator: PetroSinai *
Geological features: Extensional rift system. The Gulf of Suez is a Tertiary graben separating the central Sinai massif from the Eastern Desert. The basin is dominated by northwest-southeast trending faults. The producing Nukhul formation is lower Miocene in age and unconformably overlies the Eocene Thebes formation.
* PetroSinai is a company established by Mena and the Egyptian General Petroleum Corporation (“EGPC”) to operate the Lagia Oil Field, in accordance with Egyptian Law 11 of 1997.