Eni Makes New Gas Discovery in Egypt
Italian oil and gas company Eni S.p.A. has made a new gas discovery in the Egyptian Western Desert, the company announced Aug. 30.
The discovery well has been drilled on the Faramid South exploration prospect located in East Obayed concession, 30 km North-West of the Melehia Concession https://t.co/Wi73K9tHQ0 pic.twitter.com/zVRAMbVdsl— eni.com (@eni) August 30, 2018
The well was drilled on the Faramid South exploration prospect in East Obayed Concession, 18.6 miles (30 kilometers) northwest of the Melehia Concession and reached a target depth of 17,000 feet.
The discovery well has been open to production delivering 25 million standard cubic feet per day, confirming the East Obayed Concession’s potential, the company said.
Eni has begun studies to develop gas reserves that can contribute to increasing Egypt’s gas production from the Western Desert Basin. Through its operating company AGIBA, Eni currently produces 55,000 barrels of oil equivalent per day from the Egyptian Western Desert. AGIBA owns 100 percent of the East Obayed Concession.
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