Eni finds more gas off Egypt

Eni and partner BP on Wednesday announced a new gas discovery in the conventional waters of the Nile Delta, offshore Egypt.

The discovery sits in 16 meters deep waters in the so-called “Great Nooros Area” within the Abu Madi West Development Lease.

Achieved through the Nidoco NW-1 exploratory well, the discovery is located 5 km from the coast and 4 km north from the Nooros field, discovered in July 2015.

The well discovered gas-bearing sands for a total thickness of 100 meters, of which 50 meters within the Pliocene sands of the Kafr-El-Sheik formations and 50 meters within the Messinian age sandstone of the Abu Madi formations, Eni said.

The preliminary evaluation of the well results, together with the recent discoveries performed in the area, indicates that the Great Nooros Area gas in place can be estimated in excess of 4 Tcf, the Italian firm said.

Eni, together with its partner BP, in coordination with the Egyptian Petroleum Sector, will begin screening the development options of this new discovery “benefitting of the synergies with the area’s existing infrastructures.”

Eni, through its subsidiary IEOC, holds a 75% stake in the license of Abu Madi West Development Lease, while BP holds the remaining 25% stake.

The operator is Petrobel, an equal joint venture between IEOC and the state company Egyptian General Petroleum Corporation.

Most Popular

Another steam LNG carrier sold for demolition

An NYK-managed steam liquefied natural gas (LNG) carrier has been sold for demolition, according to brokers.

Canada approves Ksi Lisims LNG project

According to a statement on Monday, Julie Dabrusin, Minister of Environment and Climate Change, issued her decision under the...

GasLog, Woodside name LNG carrier duo in South Korea

South Korea's Hanwha Ocean has hosted a naming ceremony at its yard in Geoje for two LNG carriers it built for owner Greece's GasLog and charterer Australia's Woodside.

More News Like This

YPF CEO expects FIDs on FLNG projects with Eni, Shell in 2026

YPF CEO Horacio Marin confirmed on Wednesday that the state-owned oil and gas company and its partners Eni and Shell expect to take final investment decisions on two stages of the Argentina LNG project in 2026.

Botas pens three-year LNG supply deals with BP, Shell, and Eni

Turkiye’s state-owned natural gas and LNG firm Botas has signed three-year deals to buy LNG from BP, Shell, and Eni.

Eni, Exmar in arbitration over Tango FLNG performance bonus

Italian energy firm Eni and Belgian gas shipping firm Exmar are in arbitration over a performance bonus related to the operation of the Tango floating LNG facility, which serves Eni's Congo LNG project.

Baker Hughes scores Tangguh LNG gig

US energy services firm Baker Hughes has secured a long-term service agreement award from UK-based energy giant BP for its Tangguh LNG plant in Papua Barat, Indonesia.