Mediterranean Sea

Italian company Eni has discovered a huge gas reserve in the Zohr 1X NFW well at its Zohr Prospect in Mediterranean Sea offshore Egypt.

The discovery well is located in 4,757ft of water in the Shorouk Block and has been drilled to a total depth of 13,553ft.

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Through its subsidiary IEOC Production, Eni holds 100% of the contractor’s working interest in the Shorouk Block.

Based on the well and seismic information, the discovery is expected to contain a potential of 30 trillion ft³ of lean gas, covering an area of around 100km².

Eni is set to appraise the field with immediate effect in a bid to expedite the development of the discovery.

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The Zohr 1X NFW well hit 2,067ft of hydrocarbon in a carbonate sequence of Miocene age, with good reservoir characteristics.

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"The exploration activities are central to our growth strategy. In the last seven years we have discovered 10bn barrels of resources, and 300m in the first half of the year."

The deeper Cretaceous upside of Zohr’s structure will be targeted in the future with a dedicated well.

Eni CEO Claudio Descalzi said: "Our exploration strategy allows us to persist in the mature areas of countries which we have known for decades and has proved to be winning, reconfirming that Egypt has still great potential.

"The exploration activities are central to our growth strategy. In the last seven years we have discovered 10bn barrels of resources, and 300m in the first half of the year, confirming Eni’s leading position in the industry."

As the main hydrocarbon producer in Egypt, Eni has daily equity production of 200,000 barrels of oil equivalent.

Image: Map of the Mediterranean Sea with subdivisions, straits, islands and countries. Photo: courtesy of O H 237