Eni Starts Up South West Meleiha, Makes Egypt Discoveries
23 July 2019 - 7:57PM
Dow Jones News
By Nathan Allen
Eni SpA (ENI.MI) said Tuesday that it has started production at
the South West Meleiha lease in Egypt and made several near-field
discoveries in the country.
Production at South West Meleiha, which is located in Egypt's
Western Desert, has reached 5,000 barrels of oil per day and is set
to increase to 7,000 barrels per day by September, Eni said.
Eni holds a 50% interest in South West Meleiha, while Egyptian
General Petroleum Corporation holds the remaining 50%.
Meanwhile, the Italian oil major said it has made two new oil
discoveries within the Meleiha development area, an oil discovery
in the Gulf of Suez and a gas discovery in the El Qar'a exploration
lease in the Nile Delta.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
July 23, 2019 05:42 ET (09:42 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
Eni (BIT:ENI)
Historical Stock Chart
From Mar 2024 to Apr 2024
Eni (BIT:ENI)
Historical Stock Chart
From Apr 2023 to Apr 2024