Eni discovers gas in Egyptian Nile delta

expat network

Eni discovers gas in Egyptian Nile delta

This discovery is the result of the new Eni’s strategy to re-focus its activity on near field and incremental exploration opportunities with high potential value, which allow in case of success their quick exploitation through the already existing and synergic nearby infrastructures.

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 south-east.

Eni, through its subsidiary Ieoc Production BV, holds a 75% of working interest in the West Abu Madi development lease, with BP as a partner with 25%. Petrobel, equally owned by Ieoc (50%) and EGPC (50%), is the operator of the concession.

Eni has been present in Egypt since 1954 through its Ieoc subsidiary and is the main hydrocarbon producer in the country, with a daily equity production of 180,000 barrels of oil equivalent.

For more information, please visit: www.eni.com

Source and link: Your Project News

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.