Rigzone, by Valerie Jones (Link: Eni makes new gas discovery in Egypt)
Eni has announced a discovery well on the Faramid South exploration prospect in East Obayed Concession.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 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.
And this is the press release by which Eni announced the discover.
Eni announces a gas discovery in the Egyptian Western Desert (Link: Eni announces a gas discovery in the Egyptian western Desert)
San Donato Milanese (Milan), 30 August 2018 – Eni announces a gas discovery in the Egyptian Western Desert. 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. The well reached the target depth of 17,000 ft and encountered several gas bearing layers in the Kathabta sandstones of Jurassic age.
The well has been opened to production delivering 25 mmscfd, confirming the potential of the East Obayed Concession.
Eni has started the studies to develop these relevant gas reserves that, together with the gas potential of the Melehia Concession, can contribute to increase the country gas production from the Western Desert Basin.Eni, through its Operating Company AGIBA, which is equally held by Eni subsidiary IEOC and the Egyptian General Petroleum Corporation (EGPC), currently produces 55,000 barrels of oil equivalent per day from the Egyptian Western Desert. AGIBA owns 100% of the East Obayed Concession.
Eni has been present in Egypt since 1954, where is the main producer with approximately 320,000 barrels of oil equivalent per day equity. Such production is expected to further grow within the year, thanks to the ramp up of the Zohr field.
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