Eni Discovered More Reserves In Egypt's Western Desert And Quickly Began Production

Italian oil giant Eni announced July 28 in Rome that it has increased its production from a new exploratory well in Egypt's southwestern Meleiha block to more than 12, 000 barrels a day after it started production.

The new SWM-A-6X well, located in Egypt's Western Desert's Faqhur Basin, reached A depth of 15, 800 feet and was drilled into A net producing reservoir 130 feet thick.

Eni says the well has been connected to the production network and is producing about 5,000 barrels of oil a day.

Eni said new oil resources had also been discovered in the newly discovered well, but it did not give an estimate of the size of the discovery or the estimated reserves of the block.

Production from the southwestern Meleiha block, which began in July 2019, has risen to 12,000 b/d in just one year thanks to the new discoveries.

"Through AGIBA, a joint venture with Egypt Petroleum Corporation, Eni is successfully implementing its strategy for exploration of near oil fields in The western Desert of Egypt and rapidly starting production from newly discovered resources," the company said in a statement.

Eni has been engaged in oil and gas exploration and production in Egypt since 1954 and is the largest oil producer in The country, currently producing over 300,000 barrels of oil equivalent (BOE) per day.

Eni had proven oil and gas reserves in Egypt of 1.23 billion barrels of oil equivalent at the end of last year, including 264 million barrels of liquid reserves.

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