Eni Finds Gas Offshore Egypt
Eni S.p.A. has discovered gas at the Nour-1 New Field Wildcat (NFW) offshore Egypt, the Italian oil and gas operator announced Thursday.
The gas discovery is in the Nour exploration prospect located in the Nour North Sinai Concession in the Eastern Egyptian Mediterranean.
The NFW was drilled in a water depth of 295 meters and reached a total depth of 5,914 meters.
The well encountered 33 meters of gross sandstone pay and an estimated gas column of 90 meters in the Tineh formation of Oligocene age.
The concession is in participation with Egyptian Natural Gas Holding Company (EGAS). Eni is the operator (40 percent), BP holds a 25 percent stake, Mubadala Petroleum has a 20 percent stake and Tharwa Petroleum Company has a 15 percent stake of the contractor’s share.
Eni in Egypt operates through its subsidiary Ieoc. The company leads the country in production with more than 340,000 barrels of oil equivalent per day and that will grow further in 2019 once the Zohr Project ramps up.
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