Eni has made a new oil discovery from the NFW well “Rosa North 1X‘, located in the Meleiha Concession, in the Western Desert of Egypt. The drilling of Rosa North 1X is part of Eni's strategy to refocus exploration activities in Egypt by targeting deeper oil plays in the Western Desert.(...)
The development of the discovery foresees the drilling of at least two development wells in 2013. Production for each well is estimated at 2,000 barrels of oil per day (bopd). The production of Rosa North Field is expected to reach 5000 Bopd in the first 12 months and will be delivered to the nearby processing facilities of Meleiha field.(...)
Eni has been present in Egypt since 1954 and is the largest foreign energy player in the country. In 2011, the company’s oil and natural gas equity production averaged approximately 240,000 boe/d. In the Western Desert, Eni’s activities are currently producing around 53,000 boe/d from 6 different development leases.