Italian Oil and Gas Company, Eni, Just Announced 2nd Oil Discovery in Egypt
Egypt has been on a rail when it comes to oil and gas discoveries. Just after Eni, one of the leading oil and gas companies worldwide, has announced that they might have stumbled upon a gas field that is three times bigger than Zohr; they just announced a second oil discovery in the Egyptian Western Desert.
Via a press release, Eni announced that the new discovery is in the B1-X exploration prospect, which is located precisely in the South West Meleiha License; 130KM of the oasis of Siwa. The Drilling process has started at the Dessouky sandstones and it produces around 5,130 barrel of oil per day.
The press release added that “SWM B1-X has been drilled 7 km away from the first discovery (SWM A2-X), to a total depth of 4,523 meters and encountered 35 meters net of light oil in the Paleozoic sandstones of Dessouky Formation of Carboniferous age and in the Alam El Bueib sandstones of Cretaceous Age”.
