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2023-01-16 Africa North
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Eni announces 'significant' gas discovery in Egyptian waters
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 Making Russia ever less important as a supplier. Two takes on the same story. [AlAhram] The global energy company Eni announced on Sunday that it has made a "significant" gas discovery at the Nargis-1 exploration well in the Nargis Offshore Area Concession in the Eastern Mediterranean.
I expect the axis shifting will continue to 'slosh' crust borne liquids and gas seeps into adjacent regions. Is this a molecular match for the gas of the Israeli basin?
| That sounds like a very good question. No doubt our professional and amateur geologists and oil men will know. |
Around 61 metres of Miocene and Oligocene gas bearing sandstone were found at the well under 309 metres of water, Eni said in a statement, adding that the proximity of Nargis-1 to Eni’s current facilities will allow for further development of the gas discovery.
Eni, an Italian multinational energy company operating in Egypt since 1954, has also been awarded exploration rights in North Rafah, North El-Fayrouz, North East El Arish, Tiba and Bellatrix-Seti East.
The company is presently the leading producer in Egypt with an equity production of hydrocarbons of approximately 350,000 barrels of oil equivalent per day, according to their website.
Eni's most notable discovery in Egypt was the Zohr Gas Field in 2015, which allowed the country to achieve self-sufficiency in gas by 2018.
Egypt's gas export revenues have increased eight-fold since 2014, as the country aims to become a major gas supplier to the European continent, especially since the outbreak of the Russia-Ukrainian conflict.
This comes in light of European countries' desire to diversify their energy sources in order to decrease dependency on Russian gas, which accounted for 45 percent of European imports in 2021, according to the International Energy Agency (IEA).
Egypt also has the infrastructure for transporting and handling natural gas with a network of 7,000 km in pipelines, a distribution network of 31,000 km, and 29 gas-treatment plants as well as two LNG facilities — the Idku and Damietta plants.
Chevron says it discovered ‘significant’ natural gas find off Egypt’s coast
[IsraelTimes] The operator of Israel’s Leviathan and Tamar gas fields says exploration at Egyptian offshore field in the Eastern Mediterranean Sea ’encountered high-quality reservoirs’
US energy giant Chevron, which operates Israel’s Tamar and Leviathan gas fields off the Mediterranean coast, announced on Sunday that it made a "significant" new gas discovery in an Egyptian offshore field.
"Chevron is encouraged and excited by the success of this first exploration well which encountered high-quality reservoirs and follows from Chevron’s entry into the Egyptian upstream sector in 2020," said Clay Neff, president of Chevron International Exploration and Production. "The Eastern Mediterranean has abundant energy resources, and their development is driving strategic collaboration in the region."
The new gas discovery is located at the Nargis-1 exploration well, which is part of Egypt’s 1,800 square kilometers Nargis Offshore Area concession. With a 45% working interest, Chevron is the operator of the concession. The Middle East Economic Survey reported in December that the size of the new well was 3.5 trillion cubic feet of gas.
"The Nargis-1 well encountered approximately 200 net feet (61 m) of Miocene and Oligocene gas bearing sandstones and was drilled in 1,014 feet (309 m) of water by the Stena Forth drillship," Chevron said in a statement.
The announcement comes as Chevron has been seeking to explore further routes to sell gas from the eastern Mediterranean, and Egypt and Israel have been pushing efforts to become an energy hub in the region.
Israel and Egypt have emerged as gas exporters in recent years following major offshore discoveries, as Europa
 ...the land mass occupying the space between the English Channel and the Urals, also known as Moslem Lebensraum...
is determined to wean itself off dependence on Russian gas imports in the wake of its invasion of Ukraine.
In June, Israel, Egypt and the European Union
...the successor to the Holy Roman Empire, only without the Hapsburgs and the nifty uniforms and the dancing...
signed a memorandum of understanding that will see Israel export its natural gas to the bloc for the first time. According to the agreement, Israeli gas will be supplied via Egypt’s liquefied natural gas (LNG) plants to the EU.
Chevron owns a 39.66% stake in Israel’s Leviathan gas reservoir, one of the world’s largest deep-water gas discoveries, which contains an estimated 22 trillion cubic feet of gas. Meanwhile,
...back at the comedy club, Boogie was cracking himself up, but nobody else seemed to be getting the non-stop jokes...
Chevron last year signed a deal with Egypt’s state-owned gas company Egyptian Natural Gas Holding Company (EGAS) to explore the transport, import, liquefication and export of natural gas from the eastern Mediterranean.
Chevron, which also operates and holds a 25% stake in the Tamar gas field off Israel’s Mediterranean coast in December, announced a final investment decision (FID) needed to proceed with the first phase of expanding natural gas production to meet growing domestic demand and boost exports to Egypt. As part of the FID, the partners in the Tamas natural gas rig, located some 90 kilometers (55 miles) west of Haifa, are expected to invest some $673 million in a project expanding gas production from the offshore field.
Natural gas operations have put Israel on a path to energy independence — and have shielded it from the worst of the energy crisis sparked by the Russian war on Ukraine this year — in a country with few natural resources. 
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Posted by trailing wife 2023-01-16 00:00||
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Posted by Skidmark 2023-01-16 23:29||
2023-01-16 23:29||
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