CAIRO - 14 April 2022: The Italian company Eni announced new oil and gas discoveries in the Meleiha concessions, in Egypt’s Western Desert, for approximately 8,500 barrels/day of oil equivalent. Eni elaborated in a statement that these new discoveries have already been connected and tied into production, in line with the Infrastructure-led exploration strategy, allowing to maximize exploration opportunities nearby existing infrastructures. These results, added to the discoveries of 2021 for a total of 8 exploration wells, give a 75% success rate, confirming the potential of the area. With these discoveries, Eni, through AGIBA, a JV between Eni and EGPC, continues to pursue its near field strategy in the mature basin of the Western Desert, aimed at maximizing production by containing development costs and minimizing time to market. Eni has been present in Egypt since 1954, where it operates through the subsidiary IEOC.
