Eni announces second oil discovery in Egypt’s western desert

Eni has announced a second light oil discovery on the B1-X exploration prospect located in the South West Meleiha license, located in Egypt’s Western Desert, the company announced in a press release. The well has delivered 5,130 barrels of light oil per day with low associated gas. It is the second well drilled by Eni to

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Egypt planning new oil and gas contracts to attract investors

Egypt is working on a new model for future oil and natural gas production contracts in undeveloped areas to spur exploration and help become self-sufficient in energy, oil ministry and company officials said. The most populous Arab nation is seeking to transform itself into a gas re-exporting hub on the doorstep of energy-hungry Europe, and

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