ROME (dpa-AFX) - Italy's integrated energy company Eni SpA (E) unveiled a significant oil discovery at the Emry Deep exploration prospect, located in the Meleiha Concession, in the Western Desert of Egypt, 290 kilometers south west of Alexandria.
The Emry Deep 1X well led to the discovery of oil and was drilled to a total depth of 3,628 meters. The company noted that the well encountered over 250 feet of net pay in multiple good-quality sandstones of the Lower Cretaceous 'Alam El Bueib' Formation. During production tests the well flowed 3,500 barrels of high quality oil per day and 1 million standard cubic feet per day of associated gas.
The discovery is now estimated to range between 150 and 250 million barrels of oil in place and will require further appraisal drilling.
The drilling of the well is part of Eni's strategy to refocus exploration activities in Egypt by targeting deeper plays in the Western Desert.
The full field development foresees an early production phase from the current well which will be followed by the drilling of other development wells in 2012 to reach a production level of approximately 10 thousand barrels of oil per day in the next months. Production will be routed to the nearby treatment facilities of Meleiha field.
Copyright RTT News/dpa-AFX
© 2012 AFX News
