Eni Makes Three Discoveries in Egypt’s Western Desert

The logo of Italian energy company Eni is seen at the booth of Eni during the Nigeria International Petroleum Summit in Abuja, Nigeria February 10, 2020. (Reuters)
The logo of Italian energy company Eni is seen at the booth of Eni during the Nigeria International Petroleum Summit in Abuja, Nigeria February 10, 2020. (Reuters)
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Eni Makes Three Discoveries in Egypt’s Western Desert

The logo of Italian energy company Eni is seen at the booth of Eni during the Nigeria International Petroleum Summit in Abuja, Nigeria February 10, 2020. (Reuters)
The logo of Italian energy company Eni is seen at the booth of Eni during the Nigeria International Petroleum Summit in Abuja, Nigeria February 10, 2020. (Reuters)

Egypt’s petroleum ministry said on Tuesday that Italian energy group Eni made three oil and gas discoveries in the western desert.

The discoveries include oil, gas and condensate discoveries in the Meleiha concession, and an oil discovery in the South Mleiha concession area.

According to the Ministry of Petroleum, the finds in the Meleiha Development Concession were found via the Yasmin W-1X and MWD-21 wells, which were drilled in the Aman region near the West Meleiha deep field, respectively.

The production tests revealed that it has a daily capacity of 2,000 barrels of light oil and 7 million cubic feet of associated gas.

In the meanwhile, the MWD-21 well has been consistently producing 2,500 barrels of light oil per day.

The SWM-4X well, located 35 kilometers south of the Meleiha field, was used to make the find in the Southwest Meleiha concession area, according to the ministry.

This well produced around 1,500 barrels of oil per day during tests. The combined output of the three wells is around 6,000 barrels of oil equivalent per day.

Eni has had a presence in Egypt since 1954, through its subsidiary IEOC Production. IEOC now produces around 360,000 boepd of equity.



Saudi Industry Minister Discusses Mining Investments with Spanish Energy Minister

The Saudi and Spanish delegations meet in Madrid on Saturday. (SPA)
The Saudi and Spanish delegations meet in Madrid on Saturday. (SPA)
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Saudi Industry Minister Discusses Mining Investments with Spanish Energy Minister

The Saudi and Spanish delegations meet in Madrid on Saturday. (SPA)
The Saudi and Spanish delegations meet in Madrid on Saturday. (SPA)

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef held talks in Madrid on Saturday with Spanish Minister of State for Energy Sara Aagesen Muñoz on boosting mining cooperation and attracting Spanish mining companies to invest in promising opportunities in the Kingdom.

Alkhorayef emphasized the strong relations between Riyadh and Madrid, describing Spain as a key partner.

This partnership is reflected in the robust economic and trade ties between the two countries, expressing optimism about further developing cooperation in the industrial and mining sectors, he remarked.

Alkhorayef highlighted the Kingdom’s Vision 2030, which seeks to diversify the economy and boost non-oil exports by focusing on key sectors such as industry, mining, energy, and logistics.

He stressed the vital role of the private sector in this transformation and underscored the Kingdom's openness to foreign investments in these emerging economic sectors.

On Saudi Arabia’s comprehensive mining strategy, Alkhorayef outlined several initiatives aimed at transforming the mining sector into a significant pillar of the Kingdom's economy.

He underlined the attractive investment opportunities available to international companies, inviting Spanish mining firms to capitalize on the Kingdom’s potential in this promising field.

The meeting was attended by Saudi Ambassador to Spain Princess Haifa bint Abdulaziz bin Ayyaf Al Muqrin.