Is Egypt’s Oil And Gas Sector Set To Boom? - OILPRICE.com

Nov 06, 2021, 10:00 AM CDT
Felicity Bradstock

• Italian oil major, Eni, announced this week that it has made three new oil and gas discoveries in the Meleiha region of western Egypt.
• The new discovery further adds to Egypt’s recent announcement that it expects to become self-sufficient in oil by as early as 2023.
• Eni’s finds are just the latest in several significant oil and gas discoveries over the last decade.

As Eni makes a new oil and gas discovery in Western Egypt, the future of energy in the oil-rich nation looks promising. After record production figures were hit in September for the first time since 1957, with an output of 65,000 bpd, as well as plans for new refineries and high levels of LNG production, Egypt looks set to not only become self-sufficient in energy but also to become a major exporter.

Eni agrees with Petroleum Ministry on $2.6 for gas produced from Farameet well - DAILY NEWS EGYPT

Thursday October 18, 2018

Mohamed Adel

Italian Eni has recently signed an agreement with the Petroleum Ministry regarding the pricing of the gas produced from the Faramid well (TEKMOR Note: East Obayed Concession), which was recently discovered in the company’s concession area in the Western Sahara. The pricing was agreed to be $2.6 per one million thermal units.

A source at EGAS told Daily New Egypt that about 23m cubic feet of gas will be produced daily from the Farameet well.

He pointed out that the well’s production will be connected to Obayed’s gas processing plant, owned by Dutch Shell.

Eni Makes New Gas Discovery in Egypt - RIGZONE

Thursday, August 30, 2018Valerie Jones

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 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 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 cubic square feet per day, confirming the East Obayed Concession’s potential, the company said.

Eni announces second oil discovery in Egypt's Faghur basin - WORLD OIL

JULY/9/2018

MILAN -- Eni announces a second light oil discovery on the B1-X exploration prospect located in South West Meleiha license, in the Egyptian Western Desert, some 130 km North of the oasis of Siwa.

The well is the second one drilled by Eni to explore the deep geological sequences of the Faghur basin. SWM B1-X has been drilled 7 km away from the first discovery (SWM A2-X), to a TD of 4,523 m and encountered 35 m net of light oil in the Paleozoic sandstones of Dessouky formation of Carboniferous age and in the Alam El Bueib sandstones of Cretaceous Age.

The well has been opened to production in the Dessouky sandstones and delivered 5,130 bopd of light oil (37° API) with low associated gas.

Are Eni and Lukoil investing in USD 700 mn gas plant in the Western Desert? - ENTERPRISE

Monday, 14 May 2018

INVESTMENT WATCH- Are Eni and Lukoil investing in USD 700 mn gas plant the in Western Desert? Italy’s Eni and Russia’s Lukoil plan to invest USD 700 mn to develop a natural gas processing plant in the Western Desert, said Mohamed El Kaffas, chairman of Eni joint venture AGIBA. The plant is expected to have a capacity of 100 mcf/d with plans to ship the processed gas to Alexandria through a 200 km pipeline, he tells Egypt Today. The plant is expected to be completed in three years. AGIBA plans to drill 28 wells in the Western Desert concessions in tandem with the development of the plant.

Caveat emptor: We have not seen this story covered anywhere else in the press and we await comment from Eni confirming the project.

Eni reports oil discovery in Egypt's Faghur basin - WORLD OIL

MAY/3/2018

MILAN -- Eni announces an oil discovery on the A-2X exploration prospect in the South West Meleiha license, in the Egyptian Western Desert, some 103 km north of the oasis of Siwa. The well is the first one drilled by Eni to explore the deep geological sequences of the Faghur basin.

Egypt: Agiba reaches a historic production milestone in Western Desert area - ENI

15/March/2018 16:25
San Donato Milanese (Milan)

Eni announces that the cumulative oil production of AGIBA, the operating joint venture company between Eni’s subsidiary IEOC Production BV and Egyptian General Petroleum Corporation (EGPC), has reached 500 million barrels today.

AGIBA is active since 1981 with operations mainly focused in Eni’s oil and gas concessions located in the Western Desert Area of Egypt, where the recent effort towards new exploration and development activities has brought to unprecedented results.

In particular, thanks to the development of a number of new discoveries such as Rosa North, Emry Deep and Melehia West Deep within existing conventional asset, AGIBA, leveraging on its operated infrastructures has been able to produce and valorize oil resources amounting to around 110 MMbbls in the latest 5 years, thus reaching the target of 500 MMbbls as oil cumulative production.

Agiba Petroleum invested $212 million in FY16/17 - MUBASHER

22 August 2017 01:34 PM

Cairo – Mubasher: The chairman of Agiba Petroleum Company, Alaa Al-Battal, on Tuesday announced that the company invested $212 million in fiscal year 2016/2017.

Al-Battal said, during the company’s annual general meeting (AGM) to approve the financial results for FY16/17, that the firm added 17,000 barrels of oil equivalent (BOEs) to its output of crude oil and natural gas, according to a statement by the Ministry of Petroleum.

The company’s total production of BOEs reached 50,000 per day, equivalent to 47,000 barrels of crude oil and condensates per day and 17.5 square feet of natural gas per day, as a result of drilling 36 wells, he highlighted.

He stressed that the petroleum reserves of Agiba’s fields increased by 10 million barrels of crude oil and 39 billion square feet of natural gas.

Agiba commissions Enppi for EPC work on Meleiha field - ENTERPRISE

June 18, 2017

Eni JV Agiba has commissioned Enppi to develop crude oil shipping systems from its Meleiha field in the Western Desert, Al Mal reports. 

Enppi will provide engineering, procurement, and construction works for pumps on the field. 

A source says the project will be completed within nine months, but did not provide information on the value of the contract.

Appointments at Egyptian state petroleum companies - ENTERPRISE / AMAY

Sunday, 2 April 2017

Mohamed Abdel Azim was named president of Khalda Petroleum Company and vice-president at state gas outfit EGAS, AMAY reports.

The appointment was made yesterday (April 1st) by Petroleum Minister Tarek El Molla, who also appointed Sayed Mowafi as a vice-president at Khalda and Alaa Abdel Fattah Al Battal as a vice-president at Agiba Petroleum Company. 

Mahmoud Abdel Fattah was appointed head of Petroshahd, while Ashraf Yahia Al Ameer was appointed head of PetroSannan.