Italian oil and gas company Eni has discovered oil in Rosa North 1X, a new wildcat well located in the Western Desert of Egypt
The drilling of Rosa North 1X forms part of Eni’s strategy to focus on exploration activities in Egypt by targeting deeper oil plays in the Western Desert.
According to Eni, the well encountered a total oil pay of around 80 metres in multiple good quality sandstones of the Bahariya, Alam El Bueib, Khatatba and Ras Qattara reservoirs.
The development of the discovery will lead to the drilling of at least two development wells in 2013, with production of each well estimated at 2,000 bpd. The production of Rosa North Field is expected to reach 5,000 bpd in the first 12 months and will be delivered to nearby processing facilities.
The company also discovered the Emry Deep field in May 2012, which was producing at a rate of 18,000 bpd after just seven months.
The short time to market of these discoveries has been kept in line with Eni’s strategy to focus on fast-track development of conventional and synergic oil assets.
