Eni makes new oil discovery in Gulf of Suez, offshore Egypt

28 October 2019 (Last Updated October 28th, 2019 11:45)

Eni has discovered new oil at Sidri 36 appraisal well in the Abu Rudeis Sidri development lease, in the Gulf of Suez, offshore Egypt.

Eni makes new oil discovery in Gulf of Suez, offshore Egypt
Eni discovers new oil in the Gulf of Suez, offshore Egypt. Credit: C Morrison from Pixabay.

Eni has discovered new oil at Sidri 36 appraisal well in the Abu Rudeis Sidri development lease, in the Gulf of Suez, offshore Egypt.

The well was drilled by the operating company Petrobel, which is equally held by Eni and the Egyptian General Petroleum (EGPC) in the Sidri South.

The appraisal well, which has been drilled to assess field continuity westward in a down dip position with respect to Sidri-23 discovery well, hit a hydrocarbon column of 200m. Eni noted that the hydrocarbon was encountered in the clastic sequences of the Nubia Formation.

Eni said in a statement: “This new and important result continues the positive track record of the ‘near field’ exploration in Eni’s historical concessions in Egypt and prove how the use of new play concepts and of the technology allows to re-evaluate areas where exploration was considered having reached a high level of maturity.”

The well is expected to commence production in the next few days, with an estimated initial flow rate of approximately 5,000bbl/d. The Sidri South discovery is estimated to contain about 200Mbbl of oil in place. The well will be reassessed following these new results.

According to Eni, Petrobel has immediately started the rapid development for the new discovery under fast-track approach, leveraging on existing infrastructures within the near area of the well.

The company added that this strategy would also be applied in future activities in the Sidri area with the next delineation and development wells.

In July 2019, Eni announced that its exploration well located in Block 114, Song Hong Basin, offshore Vietnam has discovered the presence of gas and condensate in the Ken Bau prospect.