Egypt achieves record primary budget surplus of EGP 629bn despite sharp fall in Suez Canal revenues    Escalation in Gaza, West Bank as Israeli strikes continue amid mounting international criticism    Egypt recovers collection of ancient artefacts from Netherlands    Resumption of production at El Nasr marks strategic step towards localising automotive industry: El-Shimy    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egypt, UNDP discuss outcomes of joint projects, future environmental cooperation    United Bank achieves EGP 1.51bn net profit in H1 2025, up 26.9% year-on-year    After Putin summit, Trump says peace deal is best way to end Ukraine war    Jordan condemns Israeli PM remarks on 'Greater Israel'    Egypt's Supreme Energy Council reviews power supply plans for 14 industrial projects    Egypt, Namibia explore closer pharmaceutical cooperation    Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    Egypt's FM discusses Gaza, bilateral ties in calls with Saudi, South African counterparts    Egypt prepares to tackle seasonal air pollution in Nile Delta    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egyptian pound closes high vs. USD on Tuesday – CBE    Egypt, Colombia discuss medical support for Palestinians injured in Gaza    Egypt, Huawei explore healthcare digital transformation cooperation    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt's govt. issues licensing controls for used cooking oil activities    Egypt to inaugurate Grand Egyptian Museum on 1 November    Egypt's Sisi: Egypt is gateway for aid to Gaza, not displacement    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Italy's Eni expects up to 51,000 barrels a day in Egypt new find
Published in Amwal Al Ghad on 27 - 02 - 2016

Italian oil major Eni announced Friday it successfully drilled the Nidoco North 1X well, in the exploration prospect of "Nooros East", located in the Abu Madi West license, in the Nile Delta, Egypt.
It also said that the new find start up is expected by the end of March 2016 and will allow the Nooros area, which started production in September 2015, just two months after the initial Nooros discovery, to reach a production of approximately 45,000 barrels of oil equivalent per day (boed)."
Eni, through its subsidiary IEOC, holds a 75% stake in the concession of Abu Madi West, while BP holds a 25 percent stake.
By the middle of 2016, with the addition of new development wells, the production capacity will increase to over 60,000 boed. The gas and condensates produced are sent to the Abu Madi' treatment plant, about 25 kilometers from the discovery, and then routed to the Egyptian network.
"Nidoco North 1X" well, similarly to Nooros' last discoveries, was drilled from onshore as a deviated well to the Nooros East field in the offshore shallow waters. The well encountered over 43 meters of net gas and condensates bearing sandstone layers of Messinian age with excellent petrophysical properties.
In parallel with the field development, Eni will continue its exploration activities in the license area, where significant additional potential has been identified which will be tested through the drilling of further two exploration wells.
The new discovery, with immediate return of production capacity, is the result of Eni's near field exploration strategy targeting high value activities able to grant the rapid development of discoveries through existing infrastructures.
Eni also completed the drilling of the Zohr 2X well, first appraisal well of Zohr discovery. The well, drilled in the Shorouk block where Eni, through IEOC, holds a 100% share, is located 1.5 kilometers southeast from Zohr 1X and down-dip of it, on the flank of the Zohr's structure, in a water depth of 4800 feet.
Zohr 2X well was drilled up to 13684 feet (4171metres) and encountered 1614 feet (455 metres) of continuous hydrocarbon column in a carbonate sequence with excellent reservoir characteristics (305 metres net pay). The comprehensive formation evaluation program confirmed the same gas-water contact and connection with the discovery well showing Zohr as a single and continuous mega tank of natural gas, fully comprised in the Egyptian Exclusive Economic Zone (EEZ) and within the Shorouk Block. Eni is arranging all the activities for the execution of the well production test.
The appraisal plan envisages the drilling of 3 further wells to fully delineate the field which holds a potential of up to 30 trillion cubic feet of lean gas in place (5.5 billion of barrels of oil equivalent in place).
Recently Eni announced the completion, with the Egyptian authorities, of the approval process for the development of Zohr field.
In both licenses, operations are being conducted by Petrobel, which is a joint venture between IEOC and the State partner Egyptian General Petroleum Corporation (EGPC).
Eni has been present in Egypt since 1954 where it operates through IEOC Production BV. The equity production in the country was in 2015 about 200 thousand barrels of oil equivalent per day.


Clic here to read the story from its source.