Eni broadcasts a brand new oil discovery, in Meleiha Concession, within the Western Desert of Egypt. The discovery was achieved via the Arcadia 9 effectively, drilled on the Arcadia South construction, which is positioned 1.5 km south of the principle Arcadia subject already in manufacturing. The effectively encountered 85 ft of oil column within the Cretaceous sandstones of the Alam El Bueib 3G formation. The effectively has been drilled near present manufacturing services and is already tied-in to manufacturing, with a stabilized charge of 5,500 barrels of oil per day.
Following the invention, two improvement wells, Arcadia 10 and Arcadia 11, have been drilled again to again. The first one encountered 25 ft of oil column and the second 80 ft, throughout the Alam El Bueib 3G formation. The three wells share the identical oil-water contact within the found reservoir. Arcadia 11 additionally encountered 20 ft of oil pay within the overlying Alam El Bueib 3D formation.
The new discovery provides 10,000 barrels of oil per day to Eni’s gross manufacturing within the Western Desert of Egypt.
Eni’s profitable implementation of its infrastructure-led exploration technique within the Western Desert via AGIBA, a three way partnership between Eni and Egyptian General Petroleum Corporation (EGPC), permits a fast valorization of those new sources.
Eni, via its subsidiary Ieoc, holds a 38% curiosity within the Meleiha concession whereas Lukoil holds a 12% and EGPC a 50% curiosity.
Eni has been current in Egypt since 1954 the place it’s the nation’s important producer. Eni’s present fairness hydrocarbon manufacturing is round 320,000 barrels of oil equal per day.
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