Italian energy major makes second oil strike in Egypt's Western Desert

Italy's oil and gas giant Eni on Monday announced a second light oil discovery in the Egyptian Western Desert.

The well, some 130 Km north of the oasis of Siwa, is the second one drilled by Eni to explore the deep geological sequences of the Faghur Basin, Eni said in a statement.


The SWM B1-X well has been drilled 7 km away from the first discovery (SWM A2-X), to a total depth of 4,523 meters and encountered 35 meters net of light oil in the Paleozoic sandstones of Dessouky Formation of the Carboniferous period and in the Alam El Bueib sandstones of the Cretaceous period, Eni stated.

The well has been opened to production in the Dessouky sandstones and delivered 5,130 barrels of oil per day (BOPD) of light oil with low associated gas, the company stated.