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.

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