New gas discovery in the Mediterranean offshore Egypt to yield 32 MMscfd of gas: Petroleum minister

CAIRO - 29 July 2020: Testing results of a gas well drilled in Bashrush, in the North El Hammad concession, revealed a potential production of 32 MMscfd of gas, Petroleum and Mineral Resources Minister Tarek El Molla said Tuesday.

Located in the conventional Egyptian waters of the Nile Delta, the discovery was announced early this month.

Italy's Eni, as the Operator of the Block, together with its British and French partners British Petroleum and Total, as Contractor members, and in coordination with Egyptian Natural Gas Holding Company (EGAS), will set up a field development plan with the aim of fast tracking production through synergies with the area's existing infrastructures, the minister said.

Eni has been present in Egypt since 1954, where it operates through IEOC Production. The current equity production of IEOC is above 300,000 boepd.