Italian oil giant Eni, through its subsidiary IEOC Exploration BV, successfully drilled the exploration well Tennin 1 in the Mediterranean offshore of Egypt, in front of the Nile Delta. Eni will undertake the studies for the development and the start-up of the field that is located next to other recent discoveries and production plants of the Italian company in Egypt.
The well was drilled at water-depth of 300 meters, reaching a total depth of 2,040 meters encountering a gas sand interval of about 60 meters. During tests, gas flowed at a rate of 700,000 cubic meters per day. After a preliminary appraisal the Tennin reserves are comprised between 15 and 30 billion cubic meters of gas.
The Tennin field is part of the East Delta Deep Marine exploration license jointly owned by Eni and partner BP. Eni has been present in Egypt since 1955 and operates at 530,000 barrels of oil equivalent per day. — (menareport.com)
© 2002 Mena Report (www.menareport.com )