Egypt Announces New Gas Discovery in Nile Delta
Discovery capable of producing around 50 million cubic feet per day amid output restoration efforts.
Egypt has announced a significant natural gas discovery in the Nile Delta, which is expected to boost domestic energy production.
The Nidoco N-2 exploratory well, drilled in the West Abu Madi concession area in Kafr El-Sheikh and operated by Eni in partnership with BP, marks a new find capable of producing around 50 million cubic feet per day.
The discovery comes as part of Egypt's broader efforts to restore its energy output.
The country has made strides in reducing arrears owed to foreign oil and gas partners from $6.1 billion in June 2024 to $714 million by the end of April 2026, aimed at boosting investor confidence in the sector.
Petroleum and Mineral Resources Minister Karim Badawi noted that the well was drilled onshore using advanced directional drilling technology to target offshore reserves efficiently.
The proximity of these wells to existing infrastructure promises swift tie-in and early production within weeks.
This new discovery, alongside increased output from existing fields, reflects progress in settling dues owed to international partners.
Badawi is optimistic about the remaining arrears being settled by the end of June.
Regular payments have incentivized partners like Eni to expand exploration efforts and support investments through extended agreements.
The discovery further underscores Eni's commitment to exploration in Egypt.
In April, Eni announced another gas and condensate find in the Temsah concession in the Eastern Mediterranean, with preliminary estimates suggesting about 2 trillion cubic feet of gas and 130 million barrels of associated condensates.
This new gas reserve is expected to bolster Egypt's domestic supply, optimize existing infrastructure, and highlight Eni’s ongoing exploration activities.
The Nidoco N-2 exploratory well, drilled in the West Abu Madi concession area in Kafr El-Sheikh and operated by Eni in partnership with BP, marks a new find capable of producing around 50 million cubic feet per day.
The discovery comes as part of Egypt's broader efforts to restore its energy output.
The country has made strides in reducing arrears owed to foreign oil and gas partners from $6.1 billion in June 2024 to $714 million by the end of April 2026, aimed at boosting investor confidence in the sector.
Petroleum and Mineral Resources Minister Karim Badawi noted that the well was drilled onshore using advanced directional drilling technology to target offshore reserves efficiently.
The proximity of these wells to existing infrastructure promises swift tie-in and early production within weeks.
This new discovery, alongside increased output from existing fields, reflects progress in settling dues owed to international partners.
Badawi is optimistic about the remaining arrears being settled by the end of June.
Regular payments have incentivized partners like Eni to expand exploration efforts and support investments through extended agreements.
The discovery further underscores Eni's commitment to exploration in Egypt.
In April, Eni announced another gas and condensate find in the Temsah concession in the Eastern Mediterranean, with preliminary estimates suggesting about 2 trillion cubic feet of gas and 130 million barrels of associated condensates.
This new gas reserve is expected to bolster Egypt's domestic supply, optimize existing infrastructure, and highlight Eni’s ongoing exploration activities.
