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Italian Eni announces second oil strike in Egypt's Western Desert

Gasoil News - Published on Thu, 12 Jul 2018

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Italy's oil and gas giant Eni announced a second light oil discovery in the Egyptian Western Desert. The well, some 130 Km north of the oasis of Siwa, is the second one drilled by Eni to explore the deep geological sequences of the Faghur Basin, Eni said in a statement.

Eni said that the SWM B1-X well has been drilled 7 km away from the first discovery (SWM A2-X), to a total depth of 4,523 meters and encountered 35 meters net of light oil in the Paleozoic sandstones of Dessouky Formation of the Carboniferous period and in the Alam El Bueib sandstones of the Cretaceous period.

It said that the well has been opened to production in the Dessouky sandstones and delivered 5,130 barrels of oil per day (BOPD) of light oil with low associated gas.

The Eni statement said that "The discovery at the B-1X exploration prospect confirms the high exploration and production potential of the Faghur Basin's deep geological sequences."

In the near term, Eni said it plans the drilling of other exploratory prospects located near the A2-X and B-1X discoveries to consolidate what can result as a new productive area for Eni in Egypt.

It added that the output is expected to be routed to already existing infrastructures and then shipped to El Hamra Terminal through existing pipelines once Egypt's Ministry of Petroleum and Mineral Resources approves the development plan.

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Posted By : Nanda Koijam on Thu, 12 Jul 2018
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