en.Wedoany.com Reported - Egypt's Ministry of Petroleum and Mineral Resources recently announced the discovery of a natural gas field in the Nile Delta region, with an estimated daily production of approximately 50 million cubic feet. The discovery originates from the Nidoco N-2 exploration well drilled within the concession area, operated through the joint venture Petrobel (a partnership between EGPC and Eni) in cooperation with Eni, BP, and the Egyptian General Petroleum Corporation (EGPC).

Minister of Petroleum and Mineral Resources Karim Badawi inspected the EDC-56 drilling rig that executed the well operations. The well is located in the West Abu Madi area of Kafr El Sheikh Governorate, approximately 3 kilometers from the coast, in a water depth of about 10 meters. Directional drilling technology was used to drill from onshore, contributing to cost optimization and improved operational efficiency. Badawi explained that this discovery, along with increased production from existing fields, reflects the petroleum sector's success in settling outstanding dues to foreign partners, with the goal of full repayment by the end of June. The Ministry of Petroleum and Mineral Resources emphasized: "This underscores the state's commitment to strengthening partner confidence and fostering an attractive investment environment."

The well is less than 2 kilometers from the nearest production facility, and its proximity to existing infrastructure allows for rapid tie-in to the pipeline network and early production start-up within the coming weeks, enhancing capital efficiency. The Minister of Petroleum and Mineral Resources highlighted that this discovery represents a model for maximizing the utilization of existing infrastructure, increasing production, and supporting domestic gas supply. This gas discovery underscores the continued success of Eni's exploration and production activities within its concession areas. It comes just one month after the Italian giant discovered a natural gas and condensate field with rapid development potential offshore Egypt.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com