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Eni says it discovered new natural gas field in Egypt

The Headquarters of the ENI energy company in Rome, Italy [Twitter]

Italy’s oil and gas company Eni has announced the discovery of a new natural gas field in the East Obayed concession area in the Western Desert of Egypt.

In a press statement published on its website, Eni said a well reaching 17,000 cubic feet was drilled and several layers were found to be carrying gas.

The multinational company added that the well has been opened for production, achieving 25 million cubic feet per day, “confirming the potential of the East Obayed concession”.

Eni has begun studies to develop gas reserves, which could contribute to increasing Egypt’s production from the Western Desert region.

Eni said it produces 55,000 barrels of oil per day from the Western Desert through its operating company AGIBA, which it owns jointly with the Egyptian General Petroleum Corporation. AGIBA owns 100 per cent of the East Obayed concession.

READ: Israel company seeks to invest $200m in gas exports to Egypt

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