document: Eni waiting for the signature of the award of the Lagia North exploration block in the Sinai onshore area. The block covers 1,457 sq km onshore in the northern Gulf of Suez, surrounding the three existing producing leases Asl, Ras Sudr and Ras Matarma operated by the government-owned General Petroleum Company (GPC).   Background information    An agreement has been initialed for the award of the North Lagia block to Burren Energy Egypt Ltd. The British company will operate the block with a 90% interest while partner Goura Oil will have a 10% interest. The final agreement was assumed to signed in 2005.   The bid round was organized by the Ganope El Wadi Petroleum Holding Company (Ganope), with a total of five exploration blocks offered in Upper Egypt under PS terms. The blocks are in the southern Gulf of Suez, the Red Sea and the Western Desert. The deadline was 16 November 2004.
summary: Eni waiting for the signature of the award of the North Lagia exploration block in the Sinai onshore area (1457kmÂ²). 