Eni, an Italian energy corporation, has reported the discovery of an Egyptian offshore field in the Eastern Mediterranean Sea.
According to a statement issued by the corporation on Sunday, the field is located in Egyptian territorial waters near the eastern city of Rafah.
“The Nargis-1 well has encountered approximately 61 meters of Miocene and Oligocene gas-bearing sandstones and was drilled in 309 meters of water by the Stena Forth drillship,” it added.
“The discovery can be developed by leveraging the proximity to Eni’s existing facilities,” the company said.
The firm did not provide any estimates for the amount of natural gas in the field.
Eni stated that it would expand its offshore operations as a result of the recent awarding of additional exploration blocks. The concession area is approximately 1,800 square kilometers.
