Posted inPower List Oil & Gas Middle East Power 40

Claudio Descalzi

,CEO,Eni

Claudio Descalzi

If we had a prize for “biggest mover of the year” then Claudio Descalzi would be visiting ITP Towers to pick up a well-deserved award.

The discovery of the Zohr gas field off the coast of Egypt in 2015, the largest find in the Mediterranean Sea and containing 30tn cubic feet of gas, immediately took the Rome based operator on to another level.

But the start of 2018 has been even more upbeat. It has unearthed another major gas find, this time off the coast of Cyprus, and early indications suggest it could prove to be of the same magnitude as Zohr. Its acquisition of two stakes in ADNOC’s offshore oil concessions gives the firm, already prominent in Africa, a bigger foothold in the Arabian Gulf.

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