Emma Marcegaglia

With Emma Marcegaglia at the top, Italian oil and gas major Eni is making good strides in the region, particularly in Egypt, where it last year made a discovery of a giant offshore gas field off the northern coast of Egypt in the Mediterranean Sea. The Zohr field could hold a potential 30tn cubic feet of lean gas, representing one of the world’s largest gas finds. The huge reserves were found at a depth of 4,757 feet in the Shorouk Block in Egyptian waters. Eni has a 100% working interest in the block which it obtained in January 2014 through its subsidiary IEOC Production B.V. The contract was signed with the Egyptian Ministry of Petroleum and the Egyptian Natural Gas Holding Company following a competitive international bid round. Marcegaglia has also led Eni into sanctions-free Iran, where the company has signed an MoU with the National Iranian Drilling Company for drilling and exploration projects. Eni with its subsidiary contractor Saipem S.p.A., are also negotiating with Iranian authorities for favourable deals.