Located about 50 km (31 mi) north of the Sinai peninsula, the semisubmersibleScarabeo 9 drilled the Nour-1 new field wildcat in a water depth of 295 m (968 ft) and reached a total depth of 5,914 m (19,403 ft).
The Nour-1 well found 33 m (108 ft) of gross sandstone pay with good petrophysical properties and an estimated gas column of 90 m (295 ft) in the Tineh formation of Oligocene age. The well has not been tested, but an intense and accurate data acquisition has been carried out, Eni said.
In the concession, which is in participation with Egyptian Natural Gas Holding Co., Eni is the operator with a 40% stake, BP holds a 25% stake,Mubadala Petroleum a 20% stake while Tharwa Petroleum Co. holds a 15% stake of the contractor’s share.
After finalizing the discovery evaluation, the joint venture will start the feasibility studies to accelerate the exploitation of these new resources leveraging the synergies with existing facilities and infrastructures.