The Italian company, Eni, announced today the achievement of an important new gas discovery in the Nargis-1 well located in the offshore Nargis concession area in the eastern Mediterranean, off the coast of Egypt, according to Agence France-Presse.
The company added, “The Nargis 1 well encountered approximately 200 feet (61 m) of gas-bearing sandstones from the Miocene and Oligocene and was drilled into 1,014 feet (309 m) of water by the Stena Fürth drilling vessel,” noting that “the discovery can be developed.” benefiting from its proximity to Eni’s existing facilities.”
The company also stated, “Narges 1 confirms the validity of the company’s decision to focus in the sea in Egypt, which the company will develop thanks to its recent granting of exploration areas north of Rafah, north of Turquoise, northeast of Arish, Thebes, and Bellatrix City East, whereby the Egyptian offshore Narges concession covers 445,000 acres (1,800 square kilometres).”
Source: National News Agency – Lebanon