Italian energy group Eni announced late on Wednesday new oil and gas discoveries in the Meleiha concession areas in Egypt that will add about 8,500 barrels per day of oil equivalent to production. The company explained that the wells it discovered are located in the Mleiha concession in the Egyptian Western Desert, while production has already begun, noting that other exploration operations are underway in the concession with promising prospects, in line with the infrastructure-led exploration strategy, which allows maximizing exploration opportunities in the vicinity of the structures. current infrastructure. The results, which are added to the discoveries in 2021 for a total of 8 exploration wells, give a success rate of 75%, which confirms the potential of the area, while other exploration activities are taking place in the concession with promising indications. Through “Agiba”, a joint venture between Eni and the Egyptian petroleum sector, Eni continues to pursue its near field strategy in the Egyptian Western Desert, with the aim of maximizing production by containing development costs and reducing the time needed to market. Eni is also renewing its commitment in the Egyptian Western Desert with the recent acquisition of two exploration blocks and planning in 2022 for a new high-resolution 3D seismic survey in the Meleiha concession to investigate the gas potential of the region, in line with its energy transition goals. On Wednesday, the company signed an agreement to increase gas production in Egypt and increase imports of liquefied natural gas to Europe, as the continent seeks to reduce its dependence on Russian gas due to the war in Ukraine.
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