Italian oil group Eni has made a major oil discovery in Egypt’s Western Desert capable of producing about 10,000 barrels a day (b/d) of crude.
The find was made at the Emry Deep exploration project, 290 kilometres south-west of Alexandria, with production tests pumping 3,500 b/d of crude and 1 million cubic feet a day of associated gas.
The discovery is one of the largest oil finds in the Western Desert region, where producing fields are typically smaller, producing less than 3,000 b/d.
Eni estimates the Emry Deep 1X well to hold 150-250 million b/d of oil, which the company intends to transport to nearby treatment facilities at the Meleiha field.
Eni holds a 56 per cent stake in the Meleiha concession through International Egyptian Oil Company (IEOC), which itself owns 40 per cent of Agiba, the operator of Emry Deep.