Eni Discovers   Oil in Egypt
Eni Discovers   Oil in Egypt

Eni Discovers Oil in Egypt

Eni Discovers Oil in Egypt

Italian oil giant Eni announced a second oil discovery in Egypt’s Western Desert on Monday, some 130 km north of the Siwa oasis, a statement by Eni reads. In an official statement published on its website, Eni said the discovery was made on the B1-X exploration prospect located in the South West Meleiha Concession. The well is the second to be drilled by Eni in an exploration of the deep geological sequences of the Faghur Basin. The second well was drilled 7 km away from the first discovery (SWM A2-X) up to a total depth of 4,523 meters and encountered 35 meters net of light oil in the Paleozoic sandstones of Dessouky Formation from the Carboniferous age and in the Alam El-Bueib sandstones of Cretaceous Age. “The discovery on B-1X confirms the high exploration and production potential of the deep geological sequences of the Faghur Basin,” Eni said. Present in Egypt since 1954, Eni is the main producer with the equivalent of approximately 300,000 barrels of oil per day equity.


Short URL : https://goo.gl/DLkfeL
  1. https://goo.gl/iA4hJe
  • https://goo.gl/j9SXAG
  • https://goo.gl/kEsyQz
  • https://goo.gl/UsdhT5
  • https://goo.gl/maLVa3

You can also read ...

Shipments in the first two weeks of the month were 4.05 million bpd, the highest since November 2016.
Iraq exported oil at the fastest pace since late 2016 during...
Oil Prices Fall on Rise in US Stocks
Oil prices fell on Wednesday after news of a rise in US crude...
Iran's June Onshore Oil Stocks Up 3.2m Barrels
Iran’s onshore oil stocks rose 3.2 million barrels in June...
Investment in new conventional capacity is set to plunge in 2018 to about one-third of the total.
As the world’s energy sector moves toward greater...
India Faces Iran Dilemma
The US embargo on Iran's oil shipments has put Indian Prime...
Power Supply to Iraq Cut  Over Rising Domestic Demand
Energy Minister Reza Ardakanian said on Tuesday Iran has cut...
Petrochem Company Indigenizes Equipment
In spite of international restrictions on accessing cutting-...
Gas Consumption Rising
Iran’s daily gas consumption hit 521 million cubic meters on...

Add new comment

Read our comment policy before posting your viewpoints