Eni’s first well drilled to explore the deep geological sequences of the Faghur Basin in Egypt’s Western Desert has hit oil.
The company said May 3 that exploratory well SWM A-2X, located in the South West Meleiha license, encountered 18 m (59 ft) of light oil in the Paleozoic sandstones of Dessouky Formation of Carboniferous age. Drilled to a depth of 5,090 m (16,700 ft), the well also hit other hydrocarbon levels in the Alam El Bueib sandstones of Cretaceous Age, Eni said.
The well has been opened to production in the Dessouky sandstones and delivered 2,300 barrel of oil per day of light oil (32° API) and 0.4 million standard cubic feet per day associated gas.
Eni said it plans to drill other exploratory prospects located near the A2-X discovery in the near term. If successful, that could open a new productive area in Egypt.
Based on Competent Authority’s approval, Eni said production is expected to be linked to already existing nearby infrastructures and then shipped to El Hamra Terminal through existing pipelines.
Eni, through its subsidiary IEOC, holds a 100% stake in South West Meleiha license. IEOC through its Operating Company AGIBA, which is equally held by IEOC and the Egyptian General Petroleum Corp. (EGPC), currently produces 55,000 barrels of oil equivalent per day, from the Egyptian Western Desert, Eni said.
Recommended Reading
Aggreko ETS Acquires Solar Project in Texas
2024-02-01 - Aggreko Energy Transition Solutions will oversee construction, own and operate the clean energy project in support of a Texas energy producer’s drive to decarbonize operations.
RIC Energy Sells Seven Solar Plants in New York to Radical Power
2024-03-22 - In recent months, RIC Energy sold 13 photovoltaic plants in the state of New York with a total capacity of 70 MW to various companies.
RIC Energy Sells 20 MW of Solar Plants to Luminace
2024-03-04 - RIC Energy says the facilities are expected to provide 100% clean energy to more than 5,000 homes participating in the utilities’ community solar programs.
EnCap Launches Bildmore to Invest in Hard-to-finance Clean Energy
2024-03-11 - In an effort to support hard-to-finance clean energy projects, EnCap Energy Transition Fund is launching Bildmore, a platform expected to invest in up to 15 third-party battery storage, solar and other energy transition projects per year.
Devon Energy Leads $244MM Funding Round for Fervo Energy
2024-02-29 - The funds will finance Fervo Energy’s next phase of growth as it puts to use oil and gas technology and techniques to scale geothermal energy.