Eni Announces Second Oil Discovery in Egypt’s Western Desert
Eni has announced a second light oil discovery on the B1-X exploration prospect located in the South West Meleiha license, located in Egypt’ Western Desert, the company announced in a press release.
The well has delivered 5,130 barrels of light oil per day with low associated gas. It is the second well drilled by Eni to explore the deep geological sequences of the Faghur Basin.
“The discovery on B-1X confirms the high exploration and production potential of deep geological sequences of the Faghur Basin,” the statement said.
“Eni plans, in the near term, the drilling of other exploratory prospects located nearby the A2-X and B-1X discoveries to consolidate what can result as a new productive area for Eni in Egypt,” it added.
The production is expected to be shipped to El Hamra terminal through existing pipelines, after Egypt’s oil ministry approves the development plan.
Eni, through its subsidiary International Egyptian Oil Company (IEOC), owns 100% of the South West Meleiha license. IEOC and its operating company Agiba currently produce 55,000 barrels of oil equivalent per day from Egypt’s Western Desert.