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.

The Ismail Cabinet approved a USD 105 mn exploration agreement with Eni - ENTERPRISE

Thursday, 10 May 2018

The Ismail Cabinet approved a USD 105 mn exploration agreement with Eni and the Egypt’s Tharwa to search for oil and gas in the Mediterranean off the coast of north Sinai, according to a cabinet statement. Under the agreement, Eni and Tharwa drill two wells over two stages in the coming six years, Oil Minister Tarek El Molla told reporters on Wednesday. Separately, Eni has reportedly begun drilling the second exploratory well in its South Meleiha concession in the Western Desert’s Faghur Basin, Youm7 reports. Eni had announced last week making an oil discovery from another well in the Faghur Basin, which is expected to deliver 2,300 bop/d of light oil.

Prime Minister Sherif Ismail met yesterday with the head of the Abu Dhabi National Oil Company (ADNOC) Sultan Jaber, according to a Cabinet statement. The two discussed oil and gas cooperation, as well as increasing Emirati investments in Egypt’s oil refining, petrochemicals, and LNG sectors.

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.