Chevron, Eni announce new gas discovery in Egypt
Eni and Chevron on January 15 announced a "significant" new gas discovery at the Nargis-1 exploration well located in Nargis offshore area concession in the Eastern Mediterranean Sea, offshore Egypt.
The Nargis-1 well has encountered approximately 61 m of Miocene and Oligocene gas-bearing sandstones and was drilled in 309 m of water. The Italian energy company said the discovery can be developed by leveraging the proximity to its existing facilities.
The National Gas Company of Trinidad and Tobago Limited (NGC) NGC’s HSSE strategy is reflective and supportive of the organisational vision to become a leader in the global energy business.
“Nargis-1 confirms the validity of Eni’s focus on Egypt Offshore, which the company will further develop thanks to the recent award of exploration blocks North Rafah, North El Fayrouz, North East El Arish, Tiba and Bellatrix-Seti East,” the company added.
Chevron is the project operator with a 45% interest, while Eni also holds a 45% interest and Tharwa Petroleum Company has a 10% ownership.