SAN DONATO MILANESE, Italy — Chevron has discovered gas in the deepwater Nargis Offshore Area Concession in the Egyptian sector of the eastern Mediterranean Sea.
According to partner Eni, the Nargis-1 well encountered about 200 net ft (61 m) of Miocene and Oligocene gas-bearing sandstones. The drillship Stena Forth drilled the well in 1,014 ft (309 m) of water.
Eni said the find could be developed using its existing facilities in the area.
Recently, the company expanded its position in the region through the award of the exploration blocks North Rafah, North El Fayrouz, North East El Arish, Tiba and Bellatrix-Seti East.
The Nargis Offshore Area extends more than ~445,000 acres (1,800 sq km). Chevron operates with a 45% interest, with Eni affiliate IEOC Production (45%) and Tharwa Petroleum Co. (10%).