en.Wedoany.com Reported - Egypt's Ministry of Petroleum and Mineral Resources announced a new natural gas discovery in the Nile Delta region, with an expected production rate of approximately 50 million cubic feet per day. The discovery comes from the successfully drilled exploration well Nidoco N-2 in the West Madi concession area, operated by a joint venture between Italy's Eni, bp, and the Egyptian General Petroleum Corporation (EGPC) through the company Petrobel (a joint venture between EGPC and Eni).
Minister of Petroleum and Mineral Resources Eng. Karim Badawi inspected the EDC-56 drilling rig executing the well, located in the West Abu Madi area of Kafr El-Sheikh Governorate. The well site is in shallow waters approximately 3 kilometers offshore, with a water depth of about 10 meters, utilizing directional drilling technology from onshore, helping to optimize costs and improve operational efficiency.
Badawi stated 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 settlement by the end of June. Regular settlement of arrears encourages partners to strengthen upstream activities, increase drilling and production, and expand mature field development through extended agreement terms. The well is less than 2 kilometers from the nearest production facility, close to existing infrastructure, allowing for rapid connection to the pipeline network and early production within the coming weeks. Badawi had previously stated that the petroleum sector is accelerating the implementation of horizontal drilling and hydraulic fracturing technologies to access oil and gas resources that are difficult to extract through conventional methods. The discovery also represents a model for maximizing the use of existing infrastructure, increasing production, and supporting natural gas supply to the domestic market, highlighting the continued success of Eni's exploration and production activities within its concession areas.
Previously, in April, Eni achieved a natural gas and condensate discovery in the East Mediterranean Temsah concession area, with preliminary estimates of approximately 2 trillion cubic feet of natural gas and 130 million barrels of associated condensate. The discovery well Denise W is located 70 kilometers offshore at a water depth of 95 meters, less than 10 kilometers from existing infrastructure, offering potential for rapid development.
The Egyptian government is encouraging investment and incentivizing exploration and production to reverse years of declining output and reduce energy imports. The current Middle East situation provides additional impetus for this effort, with several promising discoveries made recently.
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