Cairo – Mubasher: Italy’s Eni and BP announced on Wednesday a new gas discovery in Egypt’s Great Nooros Area in the Mediterranean Sea.
The new discovery, achieved through the Nidoco NW-1 exploratory well, is located in 16 meters of water depth, 5 kilometres from the coast and 4 kilometres north from the Nooros field, discovered in July 2015, according to an official statement.
The preliminary evaluation of the well results indicates that the Great Nooros Area gas in place can be estimated in excess of 4 trillion cubic feet (Tcf).
"Eni, together with its partner BP, in coordination with the Egyptian Petroleum Sector, will begin screening the development options of this new discovery benefitting of the synergies with the area's existing infrastructures," the statement read.
The Great Nooros Area is situated in the Abu Madi West Development Lease, in the conventional waters of the Nile Delta, offshore Egypt.
Eni, through its subsidiary IEOC, holds a 75% stake in the license of Abu Madi West Development Lease, while BP holds the remaining 25% stake. The operator is Petrobel, an equal joint venture (JV) between IEOC and the state company Egyptian General Petroleum Corporation (EGPC).