Italian multinational company Eni announced on Tuesday the start of oil production from the southwest of Meleiha in the Egyptian Western Desert.
In a statement, Eni said that production in the new well stands at the rate of 5,000 barrels per day and is expected to reach 7,000 barrels in September, after plans to drill new exploratory wells in the region.
Eni, through its subsidiary IEOC, owns a 50% stake in the southwest of Meleiha, while the Egyptian General Petroleum Authority holds the remaining half.
"Production began from the new well at 2,300 barrels a day, doubling in less than a year," the company noted.
It is noteworthy that the discovery of oilfields in the western desert started in 2018.
[caption id="attachment_67457" align="aligncenter" width="800"] South West of Meleiha's well[/caption]
Eni has been operating in Egypt as the main producer since 1954, with approximately 350,000 BPD of oil equivalents.
The company's production in Egypt has witnessed great growth recently due to the discoveries of Zohr and Baltim South West fields.