The Managing Director of Eni Luca De Caro said that the company aims to drill 20 exploration wells in the Mediterranean, Delta, Western Sahara and the Gulf of Suez in Egypt by 2019-20.
According to a statement from the Egyptian Petroleum Ministry, the plan aims to drill 11 exploration wells this year and nine more ones next year.
The Director explained that this comes under a plan to expand exploration activities in the light of encouraging results achieved in the areas of Zohr, Nidoko, and Baltim, contributing to further discoveries and access to new reserves of gas and crude oil in Egypt.
De Caro pointed out that the Zohr gas field, in the Mediterranean, is a success story. The field multiplied 7 times compared with December 2017 estimates to reach about 2.7 billion cubic feet of gas daily and is targeted to exceed production rates of about 3 billion cubic feet per day By the end of October.
[caption id="attachment_85088" align="aligncenter" width="640"]
Egyptian gas field in off the mediterranean coast[/caption]
He added that it is intended to raise gas production rates from the southwest Baltim field during the first quarter of next year after it was put on production recently to about 500 million cubic feet, contributing to maintaining production rates from the Nawras gas field.
The Nawras area also includes the Nidoko field, which began production in 2015 and gradually increased to 1.2 billion cubic feet by the end of 2017 at the end of the first and second phases of the project. This included the construction of a 128 km gas pipeline from Nawras to El Gamil in Port Said.
De Caro pointed out that the company has achieved outstanding results in the production of crude oil from the southwestern Mleiha field in Western Sahara, which witnessed the discovery of two promising crude oil wells with a daily production estimated at 4,000 barrels of crude oil, stressing that the company is preparing to put a new oil well in production after successful drilling.
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