The Italian oil company Eni and British oil company BP announced a new gas discovery in the Abu Madi West Development Lease at the Greater Nooros region, with initial reserves of over four trillion cubic feet of gas. The company added that it found formations in the Abu Madi area that it had not previously seen in the Nooros field. This indicates a high amount of reserves are located in the Greater Nooros area and extends the gas potential north of the field. Preliminary estimates of the well, taking into account the reservoir’s extension towards the north and recent discoveries made in the region, show that the gas of the Greater Nooros region can now be estimated at more than four trillion cubic feet. BP owns a 25 percent stake in the contractor’s stake in the Nile Delta concession, while Eni owns a 75 percent stake through its subsidiary IEOC.

Source: Egypt Independent September 16, 2020 14:26 UTC