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Eni, EGPC Fast-Track Gulf of Suez Appraisal Well

Eni and the Egyptian General Petroleum Corporation (EGPC) will fast-track production of an appraisal well on their Abu Rudeis Sidri development lease in the Gulf of Suez off Egypt.

The Sidri 36 appraisal well confirmed the downdip westward extension of the Sidri 23 discovery announced last July by the Italian major. Sidri 36 encountered a 200-m hydrocarbon column in the clastic sequences of the Nubia formation.

The well will be completed and brought on production with an expected initial flow rate of 5,000 B/D. Eni said the fast-track approach will be applied in future activity in the Sidri area.

The Sidri 23 discovery, which is estimated to contain 200 million bbl of oil in place, will be reassessed following the appraisal results. It was placed on production after the well was drilled and completed.

Petrobel, equally held by Eni and EGPC, is operator of the Abu Rudeis Sidri development lease.

Eni’s current equity production in Egypt is 350,000 BOE/D, with growth expected from the Zohr and Baltim SW gas fields.

Eni, EGPC Fast-Track Gulf of Suez Appraisal Well

28 October 2019

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