Eni proclaims a brand new fuel discovery beneath analysis within the Nour exploration prospect positioned within the Nour North Sinai Concession, within the Eastern Egyptian Mediterranean, about 50 km North of the Sinai peninsula.
The Nour-1 New Field Wildcat (NFW), which has led to the invention, was drilled by the Scarabeo-9 semi-sub in a water depth of 295 meters and reached a complete depth of 5,914 meters.
Nour-1 nicely discovered 33 meters of gross sandstone pay with good petrophysical properties and an estimated fuel column of 90 meters within the Tineh formation of Oligocene age. The nicely has not been examined, nonetheless an intense and correct knowledge acquisition has been carried out.
In the concession, which is in participation with Egyptian Natural Gas Holding Company (EGAS), Eni is the operator with a 40% stake, BP holds a 25% stake, Mubadala Petroleum a 20% stake whereas Tharwa Petroleum Company a 15% stake of the contractor’s share.
The JV Operator will begin the feasibility research to speed up the exploitation of those new sources leveraging the synergies with current services and infrastructures, after finalizing the invention analysis.
Eni in Egypt operates via its subsidiary Ieoc since 1954. The firm is the nation’s main producer with fairness above 340,000 barrels of oil equal per day that may additional development in 2019 with the ramp up of the Zohr Project to manufacturing plateau. (Source: ENI)
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