Eni SPA discovered hydrocarbons in Meleiha and South West Meleiha concessions in Egypt’s Western Desert.

The Meleiha discovery came from Jasmine W-1X and MWD-21 wells, and the South West Meleiha discovery came from the SWM-4X wells, 35 km south of Meleiha oil center.

Jasmine W-1X encountered 113 ft net hydrocarbon pay in Jurassic sandstones of the Khatatba formation with good petrophysical properties. The production test rate was 2,000 b/d of light oil (49°API) and 7 MMscfd of associated gas. Jasmine MWD-21 well encountered 51 ft net oil column in Cretaceous sandstones of the Alam El Bueib formation, with excellent petrophysical properties. It is already tied-in to production, with a stabilized rate of 2,500 b/d.

In South West Meleiha, the SWM-4X well encountered 36 ft of net oil sand in Cretaceous sandstones of the Bahariya formation, with excellent petrophysical properties. The production test rate was 1,800 b/d with 0.3 MMscfd.

Preliminary resource estimates associated with these new discoveries are 50 million boe hydrocarbons in place.

Eni is continuing to pursue near field and infrastructure-led exploration in the Egyptian Western Desert through Agiba, a joint venture between Eni and Egyptian General Petroleum Corp. (EGPC). The new discoveries add more than 6,000 boe/d to Eni’s gross production and can potentially add appraisal and production wells to sustain Agiba’s production plateau.

Eni, through its subsidiary IEOC, holds 76% participating interest in the Meleiha concession while LUKOIL holds the remaining 24%. Both companies are parties in this concession with EGPC and the Government of Egypt.

In the South West Meleiha concession, Eni, through its subsidiary IEOC, holds 100% participating interest. IEOC, EGPC and the Government of Egypt participate in the concession as parties.