TRADING UPDATES: Victoria Quarter Earnings Rise, Launches Tender Offer
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Egypt: United Oil and Gas provides ASH-3 well test update
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Here are some of Rigzone s top upstream stories during the last week, just in case you missed them.
Here are some of Rigzone s top upstream stories during the last week, just in case you missed them…
Eni Finds Oil in Egypt Desert
Eni announced a new oil discovery in the Meleiha Concession in the Western Desert of Egypt. The discovery well, which was said to have encountered an 85 foot oil column in the Cretaceous sandstones of the Alam El Bueib 3G formation, is located a mile south of the main Arcadia field already in production.
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Eni makes new oil discovery in Western Desert of Egypt 30th Dec 2020 | Source: African Energy Chamber
Italian oil major has Eni has announced a new oil discovery, in Meleiha Concession, in the Western Desert of Egypt.
The discovery was achieved through the Arcadia 9 well, drilled on the Arcadia South structure, which is located 1.5 km south of the main Arcadia field already in production. The well encountered 85 feet of oil column in the Cretaceous sandstones of the Alam El Bueib 3G formation. The well has been drilled close to existing production facilities and is already tied-in to production, with a stabilized rate of 5,500 barrels of oil per day.