Eni proclaims a second mild oil discovery on the B1-X exploration prospect situated in South West Meleiha license, within the Egyptian Western Desert, some 130 km North of the oasis of Siwa.

The nicely is the second drilled by Eni to discover the deep geological sequences of the Faghur basin. SWM B1-X has been drilled 7 km away from the primary discovery (SWM A2-X), to a TD of four,523 m and encountered 35 m internet of sunshine oil within the Paleozoic sandstones of Dessouky formation of Carboniferous age and within the Alam El Bueib sandstones of Cretaceous Age.


The nicely has been opened to manufacturing within the Dessouky sandstones and delivered 5,130 bopd of sunshine oil (37° API) with low related fuel.

The discovery on B-1X confirms the excessive exploration and manufacturing potential of deep geological sequences of the Faghur basin. Eni plans, within the close to time period, the drilling of different exploratory prospects situated close by the A2-X and B-1X discoveries to consolidate what may result as a brand new productive space for Eni in Egypt. The manufacturing is predicted to be routed to already current infrastructures after which shipped to El Hamra Terminal by way of current pipelines, after Development Plan approval by Ministry of Petroleum and Mineral Resources.

Eni, by way of its subsidiary International Egyptian Oil Company (IEOC), holds a 100% stake in South West Meleiha license. IEOC by way of its Operating Company Agiba, which is equally held by IEOC and the Egyptian General Petroleum Corporation (EGPC), presently produces 55,000 barrels of oil equal per day from the Egyptian Western Desert.

Eni has been current in Egypt since 1954, the place is the primary producer with roughly 300,000 boed fairness. Such manufacturing is predicted to additional develop inside the yr, because of the ramp up of Zohr subject.

Source: www.worldoil.com

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