Eni starts production from Western Desert in Egypt

- All new discoveries in Western Desert are contributing in excess of 15,000 barrels per day to Agiba's production

Eni's production started from the South West Meleiha Development Lease in the Egypt's Western Desert, the company said in a statement on Tuesday.

The current production from the asset, located some 130 square kilometers north from the Siwa oasis, is around 5,000 barrels of oil per day (bpd) and is expected to reach 7,000 bpd in September.

According to the statement, the oil is transported and treated at the Meleiha Plant facilities operated by Agiba Petroleum, a company equally-owned by Eni's subsidiary IEOC and the Egyptian General Petroleum Corporation (EGPC).

'South West Meleiha oil discoveries have been made in 2018, while other exploration wells are now planned to be drilled on the nearby prospects within the exploration area,' the company said.

All these new discoveries in the Western Desert are contributing in excess of 15,000 bpd to Agiba's production.

'In the Gulf of Suez, in the Abu Rudeis Sidri development lease [equally held by IEOC and EGPC], IEOC, through Petrobel, has successfully drilled a new structure on the Sidri South exploration prospect which resulted in an oil discovery,' the statement read.

The new discovery, which may hold up to 200 million barrels of oil in place, has been made through the Sidri-23 well in pre-Miocene.

Eni has been present in Egypt since 1954, where it is the main producer with approximately 350,000 barrels of oil equivalent per day.

By Gulsen Cagatay

Anadolu Agency

energy@aa.com.tr