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Eni

Eni announced a gas discovery in the Egyptian Western Desert. The well was drilled on the Faramid South exploration prospect in the East Obayed Concession, 18.6 miles northwest of the Melehia Concession, and reached a target depth of 17,000 ft. The discovery well has been open to production delivering 25 million scf/D, confirming the East Obayed Concession’s potential, the company said. Eni has begun studies to develop gas reserves that can contribute to increasing Egypt’s gas production from the Western Desert Basin. Through its operating company AGIBA, Eni currently produces 55,000 BOE/D from the Egyptian Western Desert. AGIBA owns 100% of the East Obayed Concession.


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