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Eni Hits Gas Discovery in Egypt's Nile Delta; ~49 Bcf Gas in Place

Eni has made an important gas discovery in the Nooros exploration prospect, located in the Abu Madi West license in the Nile Delta, 120 kilometers north-east of Alexandria, Egypt.
Preliminary estimates of the discovery account for a potential of 15 billion cubic meters of gas in place with upside, plus associated condensates.
Eni achieved the important exploration success through the Nidoco NW2 Dir NFW well, which reached a total depth of 3,600 meters and encountered a 60 meters thick gas bearing sandstone interval of Messianian age with excellent petrophysical properties, further of other gas layers in the overlying Pliocene section.
The new discovery will be put into production in two months’ time through a tie-in to the existing Abu Madi gas treatment plant, located 25 kilometers…
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