Eni announces new gas discovery in Egypt

Italian Company Eni announced Thursday new gas discovery in the Western Desert of Egypt.

The company added in a statement that the depth of the well recorded 17,000 feet, and found "several" layers that carry gas.

According to the statement, the well was opened for production, achieving 25 million standard cubic feet per day, which confirms the capabilities of East White concession.

Egypt targets to invest LE 145.6 billion in the petroleum sector in 2017/2018, marking 15.5 percent of the total investments of the year.

Egypt Today Contribution Time: 02-Sep-2018 12:46 (GMT)
Egypt Today Last Update Time: 02-Sep-2018 12:46 (GMT)