Continental Focus, International Reach

ENI Makes Light Oil Strike in Egypt

Tuesday, July 10, 2018

ENI made its second light oil discovery in the Egyptian Desert’s Faghur Basin. The discovery well, the SWM B1-X, is located on the South West Meleiha license, SWM B1-X was drilled 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.

The well has been opened to production in the Dessouky sandstones and delivered 5,130 barrels of oil per day (bopd) of light oil (37° API) with low associated gas.

According to ENI, the discovery confirms the high exploration and production potential of deep geological sequences of the Faghur Basin. The company plans, in the near term, the drilling of other exploratory prospects located nearby the A2-X and B-1X discoveries to consolidate what can result as a new productive area for ENI in Egypt.

The production is expected to be routed to already existing infrastructures and then shipped to El Hamra Terminal through existing pipelines, after Development Plan approval by Ministry of Petroleum and Mineral Resources.