New Resources Discovered Offshore Egypt
Eni revealed Friday that new resources have been discovered in the Gulf of Suez, offshore Egypt, through the Sidri 36 appraisal well.
Sidri 36 encountered “an important hydrocarbon column in the clastic sequences of the Nubia Formation,” according to Eni, which noted that the well will be put into production “in the next few days with an expected initial flow rate of about 5,000 barrels per day”.
Sidri 36 is an appraisal well of the discovery of Sidri South, which was announced last July. The Sidri South discovery, which is estimated to contain around 200 million barrels of oil in place, will be reassessed following the latest development, Eni revealed.
The operating company of the Sidri 36 well is Petrobel, which is equally held by Eni and by the Egyptian General Petroleum Corporation.
Earlier this year, Eni announced a new gas discovery in the Nour exploration prospect offshore Egypt.
Eni has been present in Egypt since 1954 and its current equity production in the country is around 350,000 barrels of oil equivalent per day, according to the company.
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