Eni makes oil discovery in Egypt

The discovery was achieved through the Arcadia 9 well, drilled on the Arcadia South structure, which is located 1.5 km south of the main Arcadia field already in production. The well encountered 85 ft of oil column in the Cretaceous sandstones of the Alam El Bueib 3G formation. The well has been drilled close to existing production facilities and is already tied-in to production, with a stabilised rate of 5500 bpd.

Following the discovery, two development wells, Arcadia 10 and Arcadia 11, have been drilled back to back. The first one encountered 25 ft of oil column and the second one 80 ft, within the Alam El Bueib 3G formation. The three wells share the same oil-water contact in the discovered reservoir. Arcadia 11 also encountered 20 ft of oil pay in the overlying Alam El Bueib 3D formation.

The new discovery adds 10 000 bpd to Eni's gross production in the Western Desert of Egypt.

Eni, through its subsidiary Ieoc, holds a 38% interest in the Meleiha concession while Lukoil holds a 12% and EGPC a 50% interest.

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