Eni announces new gas discovery offshore Egypt

35701059321 88cc6ca1cf zItaly’s oil and gas firm Eni has announced a new gas discovery under evaluation in the Nour exploration prospect, offshore Egypt

The discovery is located in the Nour North Sinai Concession, in the eastern Egyptian Mediterranean, about 50 km north of the Sinai Peninsula.

The Nour-1 New Field Wildcat (NFW), which has led to the discovery, was drilled by the Scarabeo-9 semi-sub in a water depth of 295 meters and reached a total depth of 5,914 meters, according to a statement by Eni.

Nour-1 well found 33 meters of gross sandstone pay with good petrophysical properties and an estimated 90-meter gas column in the Oligocene age Tineh formation. The well was not tested, however, an intense and accurate data acquisition was performed.

In the concession, which is in participation with Egyptian Natural Gas Holding Company (EGAS), Eni is the operator with a 40 per cent stake, BP holds a 25 per cent stake, Mubadala Petroleum a 20 per cent stake while Tharwa Petroleum Company a 15 per cent stake of the contractor’s share.

The JV operator will start the feasibility studies to accelerate the exploitation of these new resources by leveraging synergies with existing facilities and infrastructures, after finalising the discovery evaluation.

Eni has been operating in Egypt since 1954 through its subsidiary Ieoc. The company is the country’s leading producer with equity above 340,000 boepd that will grow further in 2019 with the ramp-up of the Zohr Project to the production plateau.

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