Eni makes new gas discovery offshore Egypt

Eni holds 37.5% of working interest in the North El Hammad concession

  
The logo of Italian energy company Eni is seen at a gas station in Rome, Italy September 30, 2018. Image for illustrative purposes.

The logo of Italian energy company Eni is seen at a gas station in Rome, Italy September 30, 2018. Image for illustrative purposes.

REUTERS/Alessandro Bianchi

Cairo –  Eni announced the drilling of the first exploration well in North El Hammad concession, offshore the Egyptian Nile Delta on the prospect called Bashrush at 22 metres of water depth, in collaboration with its partners BP and Total.

The new well is situated 11 kilometres (km) from the coast, 12 km north-west from the Nooros field, and about one km west of the Baltim South West field, both already in production, according to a statement on Wednesday.

“The well discovered a single 152 metres thick gas column within the Messinian age sandstones of the Abu Madi formation with excellent petrophysical properties,” the company said.

The well is currently being tested to be put on production.

Eni, BP, and Total will explore the development options of the new discovery with the Egyptian petroleum sector “with the aim of “fast tracking” production through synergies with the area's existing infrastructures.”

Eni, as the operator of the block, holds 37.5% of working interest in the North El Hammad concession through its affiliate IEOC, while BP and Total own 37.5% and 25%, respectively.

Source: Mubasher

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