The recently discovered gas well offshore Egypt could produce up to 32 million standard cubic feet per day. This was disclosed after tests were conducted on Tuesday, 26th July 2020, by the Minister of Petroleum of Egypt, Tarek El-Molla.
The gas well discovered by Eni is located off the country’s Mediterranean coast.
Alongside its contractors BP and Total, Eni successfully drilled the first exploration well in the North El-Hammad concession at Bashrush prospect which it is an operator on.
The Italian company through its affiliate, the International Egyptian Oil Company (IEOC) was awarded a 37.5% share in the North El-Hammad license block in 2015. The United Kingdom’s BP holds a 37.5% stake while French oil and gas giant, Total, holds a 25% stake. The three companies commenced exploration three years after they were awarded.
The discovery is in participation with the Egyptian Natural Gas Holding Company (EGAS). It is located 11 kilometres from the coast, 12 kilometres North-West from the Nooros field and about 1 kilometre west of the Baltim South West field, with both fields already actively producing. The discovery is located 22 metres of water depth.
This discovery shows the huge potential of the Messinian formations of gas and condensates off the Egyptian Offshore shallow waters. After the discovery, Eni announced that working with its partners and in liaison with the Egyptian Petroleum Sector, it will consider the best development strategies for the discovery and it aims to maximise production through synergies with the area’s infrastructure.
In 2015, Eni discovered the biggest gas field in the Mediterranean, the Zohr gas field, off the Egyptian coast. The company will continue to explore the Great Nooros Area with another exploration well located in the Abud Madi West concession named “Nidoco NW-1 DIR” already targeted for drilling later this year.
/strong%20was%20awarded%20a%2037.5%%20share%20in%20the%20North%20El-Hammad%20license%20block%20in%202015.%20The%20United%20Kingdom's%20BP%20holds%20a%2037.5%%20stake%20while%20French%20oil%20and%20gas%20giant,%20Total,%20holds%20a%2025%%20stake.%20The%20three%20companies%20commenced%20exploration%20three%20years%20after%20they%20were%20awarded.The%20discovery%20is%20in%20participation%20with%20the%20strongEgyptian%20Natural%20Gas%20Holding%20Company%20(EGAS)./strong%20It%20is%20located%2011%20kilometres%20from%20the%20coast,%2012%20kilometres%20North-West%20from%20the%20Nooros%20field%20and%20about%201%20kilometre%20west%20of%20the%20Baltim%20South%20West%20field,%20with%20both%20fields%20already%20actively%20producing.%20The%20a%20href=https://ibekachikwu.com/eni-discovers-gas-well-offshore-egypt/discovery/a%20is%20located%2022%20metres%20of%20water%20depth.This%20discovery%20shows%20the%20huge%20potential%20of%20the%20Messinian%20formations%20of%20gas%20and%20condensates%20off%20the%20Egyptian%20Offshore%20shallow%20waters.%20After%20the%20discovery,%20Eni%20announced%20that%20working%20with%20its%20partners%20and%20in%20liaison%20with%20the%20Egyptian%20Petroleum%20Sector,%20it%20will%20consider%20the%20best%20development%20strategies%20for%20the%20discovery%20and%20it%20aims%20to%20maximise%20production%20through%20synergies%20with%20the%20area's%20infrastructure.In%202015,%20strongEni/strong%20discovered%20the%20biggest%20gas%20field%20in%20the%20Mediterranean,%20the%20Zohr%20gas%20field,%20off%20the%20Egyptian%20coast.%20The%20company%20will%20continue%20to%20explore%20the%20Great%20Nooros%20Area%20with%20another%20exploration%20well%20located%20in%20the%20Abud%20Madi%20West%20concession%20named%20“Nidoco%20NW-1%20DIR”%20already%20targeted%20for%20drilling%20later%20this%20year.){kind=link}