Egypt: Mubadala farms into Eni’s Nour concession

Mubadala Petroleum has followed up its farm-in to Eni’s Zohr development by agreeing to take a 20% interest in the Nour concession in the North Sinai Offshore Area, where an exploration well is under way. Mubadala entered Egypt earlier this year by acquiring a 10% stake in Eni’s Shorouk concession, while Eni only acquired the Nour licence in August.