Oil & Gas
Eni shoots for stars with 11 Tcf probe offshore Egypt – Upstream Online
Well targets huge Thuraya prospect – named after Pleiades constellation – in block that may host extension of Chevron’s Nargis discovery.
Italian major Eni could be weeks away from unveiling another massive new gas discovery offshore Egypt, although it is too early to know for sure.
If the Thuraya-1 probe meets expectations, its gas would likely be fed into the ever-hungry Egyptian gas market, which recently received a fillip from Chevron’s nearby Nargis-1 discovery which is reported to host about 3.5 trillion cubic feet of resources.
Having only secured the acreage last year, Eni moved fast to drill the Thuraya-1 probe in its North East El Arish Offshore block close to Egypt’s maritime boundaries with Israel and Palestine.
(Source: Upstream Online)