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    Eni Flows Oil, Gas from Egypt Well

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Summary

Eni has announced a new discovery of oil and gas in the West Melehia deep exploration prospect, located in the Melehia licence, in the Western Desert of Egypt.

by: shardul

Posted in:

Asia/Oceania

Eni Flows Oil, Gas from Egypt Well

Eni has announced a new discovery of oil and gas in the West Melehia deep exploration prospect, located in the Melehia licence, in the Western Desert of Egypt.

“The exploration well, Melehia West Deep 1X, was drilled to a depth of 4,175 meters, meeting a 20 meters net mineralized accumulation of light oil in the Lower Cretaceous age of the Alam El Bueib formation. The well also encountered a significant mineralized accumulation of gas and condensates in the Upper Jurassic age in the Safa formation,” Eni said.

Melehia West Deep 1X’s drilling, together with Emry and Rosa North’s previous discoveries, confirm Eni’s strategy in Egypt with regard to exploration in the deep geological sequences of the Western Desert.

Eni, through its subsidiary International Egyptian Oil Company (IEOC), holds a 76 % stake in the Melehia licence. Lukoil is the other partner with a 24% stake. The operator is Agiba, which is equally held by IEOC and the Egyptian General Petroleum Corporation (EGP).