ENI Makes Oil Discovery in Egypt's Western Desert

Italy's ENI announced Wednesday that it has made a new oil discovery at its Rosa North 1X well located in the Meleiha Concession in the Western Desert of Egypt.

Part of ENI's strategy to refocus exploration activities in the country by targeting deeper oil plays in the Western Desert, the well encountered a total oil pay of around 250 feet in multiple good-quality sandstones of the Bahariya, Alam El Bueib, Khatatba and Ras Qattara reservoirs. Oil flowed from these reservoirs at between 43 and 48 API at "very good rates", said the company.

ENI said it plans to develop the discovery by drilling at least two more wells in 2013. Production for each well is estimated at 2,000 barrels of oil per day.

Production at the Rosa North Field is expected to reach 5,000 bopd during the first 12 months, and will be delivered to the nearby processing facilities of the Meleiha field.



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