Eni and partners BP and Total have discovered gas and condensate in the Bashrush prospect, 11 km offshore Egypt.
The well had found 102 meters of net gas pay in high-quality sandstones in the Abu Madi formation.
The Egyptian Ministry of Petroleum and Mineral Resources announced that the initial output of a previously-announced gas well off the coast of Egypt has been estimated at an average of about 32 million cubic feet per day (cfpd).
The discovery has been made at the Bashrush well on the North El Hammad licence by Eni, BP, and Total, Petroleum Minister Tarek El-Molla said in a statement on Tuesday.
The three oil companies will coordinate with the Egyptian Natural Gas Holding Company (EGAS) to develop a plan to put the well on production.
Eni, together with its partners BP and Total and in coordination with EGAS, will also continue screening the development options of Bashrush, with the aim of fast tracking production through synergies with the area's existing infrastructures.
Eni announced that production from southwest Meleiha concession, which started in July 2019, increased to 12,000 barrels of crude oil per day in one year after the drilling of the SWM-A-6X well.
In the North El Hammad concession, which is in participation with EGAS, Eni through its affiliate IEOC holds 37.5% interest and the role of Operator, BP holds the 37.5%, and Total holds the 25% of the contractor share.
Eni has been present in Egypt since 1954, where it operates through IEOC Production. The current equity production of IEOC is above 300,000 boepd.
