---
title: "Mubadala Energy completes acquisition of 15% stake in Eni's Nargis concession"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/276319150.md"
datetime: "2026-02-19T09:39:11.000Z"
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  - [zh-CN](https://longbridge.com/zh-CN/news/276319150.md)
  - [en](https://longbridge.com/en/news/276319150.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/276319150.md)
---

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# Mubadala Energy completes acquisition of 15% stake in Eni's Nargis concession

Feb 19 (Reuters) - Abu Dhabi-based Mubadala Energy has completed its acquisition of a 15% participating interest in the offshore Mediterranean Nargis concession from Italy’s Eni (ENI.MI) , the UAE’s state news agency WAM reported on Thursday.

-   Eni, through its subsidiary IEOC, holds a 30% stake, while Chevron (CVX.N) operates the concession with a 45% share and Tharwa Petroleum holds 10%.
-   The concession is held jointly with Egypt’s state-owned Egyptian Natural Gas Holding Company, with the contractor group and EGAS each holding a 50% interest.
-   The block includes exploration activities initiated in early 2023 at the Nargis-1 prospect.

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