Eni announces 3 new oil and gas discoveries in Egypt's Western Desert

CAIRO – 26 October 2021: Italian multinational oil and gas company Eni, announced Tuesday three new oil and gas discoveries in the concessions of Meleiha and southwest of Meleiha, in Egypt's Western Desert.

Egypt’s ministry of petroleum said in a statement that the discoveries include oil, gas and condensate discoveries in the Meleiha concession, and an oil discovery in the South Mleiha concession area.

The discoveries in the Meleiha Development Concession were achieved through the Yasmin W-1X and MWD-21 wells, which were drilled respectively in the Aman South Deep Area near the West Meleiha Deep.

The Yasmin W-1X well is located 5 km west of the Yasmin field, where production tests resulted in an average production of 2,000 barrels per day of light crude and 7 million cubic feet per day of associated gas. The MWD-21 well, which has already been linked to production, has also yielded a stable production rate of 2,500 barrels per day.

In the Southwest Meleiha concession, the discovery was achieved through the SWM-4X well, which is located 35 km south of the Meleiha field, as the test resulted in a production rate of about 1,500 oil equivalent barrels per day. The total proven reserves that resulted from the three wells amount to about 50 million barrels of oil equivalent from petroleum resources.

All of the three wells add a total production of about 6000 barrels of oil equivalent per day.

Eni, through its subsidiary IEOC, holds a 38% stake in the license of Meleiha concession, while Russia’s Lukoil holds 21% and Egypt’s General Petroleum Corporation has 50%.

And in the South West Meleiha concession, Eni holds through IEOC 50% stake, while the Egyptian General Petroleum Corporation owns the remaining 50%.

Eni has been present in Egypt since 1954, where it operates through IEOC Production. The current equity production of IEOC is about 360,000 boepd.