Italy’s Eni (60%) and Australia’s Woodside (40%) have made a modest gas discovery offshore Egypt, with initial estimates indicating around 200bcf of gas in place and plans to fast-track development using existing infrastructure.
Egypt’s Petroleum Ministry announced on 6 November that Nasim-1X in the Mediterranean’s Tiba concession had encountered around 15 meters of net gas pay. Eni was awarded Tiba in 2023 following Egypt’s 2022 bid round, with Woodside farming in during 2024 (MEES, 25 October 2024). (CONTINUED - 146 WORDS)