Italian energy group Eni and U.S. energy major Chevron said on Sunday they had made a new gas discovery in an Egyptian offshore field in the Eastern Mediterranean sea.
said on Sunday they had made a new gas discovery in an Egyptian offshore field in the Eastern Mediterranean sea.
, which holds a 45% interest in it. Eni also holds a 45% stake, while Egypt's Tharwa Petroleum Company SAE holds a 10% interest. Chevron was "encouraged and excited by the success of this first exploration well which encountered high-quality reservoirs," Clay Neff, president of Chevron International Exploration and Production, said in a statement.
The new discovery is located in the Nargis-1 exploration well and "can be developed leveraging the proximity to Eni's existing facilities", the group said in a statement.
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