Discovery Made by Eni in Temsah Concession Area Offshore Port Said
The Ministry of Petroleum and Mineral Resources has announced a significant natural gas discovery in the Mediterranean Sea by Eni, which is a direct result of the Ministry's incentive policies and the settlement of partner dues, aimed at boosting production, offsetting natural decline, and reducing the import bill.
Belayim Petroleum Company (Petrobel) successfully drilled the exploratory well "Denise W-1" in Denise area offshore Port Said, where Eni operates as the main investor. Electric logs confirmed the presence of gas-bearing layers, with initial estimates indicating reserves of 2 TCF of gas and 130 million barrels of associated condensates. This promising discovery lies at a water depth of 95 meters, approximately 70 kilometers offshore, and just 10 kilometers away from existing production facilities.
It is worth noting that Eng. Karim Badawi, Minister of Petroleum and Mineral Resources, witnessed the drilling operations kick-off for this new exploratory well last November, using the Egyptian rig (Al Qaher-2) operated by Modern Drilling Company.
The well is currently being prepared for testing and identifying production rates. It is scheduled to be brought on stream following the completion of development activities, including the construction of an offshore production platform and the drilling of appraisal and development wells.
This discovery is expected to open new horizons for similar discoveries in brownfields in the Mediterranean, such as Temsah and Ras El Bar, thereby strengthening proven reserves and supporting Egypt's overall natural gas production.
