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Friday, January 23, 2015
ENI and Lukoil have made a new oil and gas discovery in Egypt’s Western Desert. The discovery was made with the drilling of the Melehia West Deep 1X well on the Melehia concession.
The exploration well was drilled to a depth of 13,697.5 ft, intersecting a 65.6 ft net accumulation of light oil in the Lower Cretaceous age of the Alam El Bueib formation. The well also encountered a significant accumulation of gas and condensates in the Upper Jurassic age in the Safa formation.
In a statement ENI said the well began production with an initial flow of 2,100 bpd, intended for the Melehia field infrastructure treatment.
The discovery will be rapidly followed by the drilling of other delineation and development wells which should result in an estimated production of about 8,000 bpd by the end of 2015.
ENI, through its subsidiary International Egyptian Oil Company (IEOC), holds a 76% stake in the Melehia concession while Lukoil holds a 24% stake. The operator is Agiba, which is equally held by IEOC and EGPC.
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