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Egypt to launch int'l tender after Eni's new oil discovery in Western Desert

The new oil discovery by the Italian Energy company Eni in Egypt's Western Desert will encourage launching international tenders for oil exploration in this promising area, the Egyptian petroleum minister said on Thursday.

Commenting on Eni's discovery, Tareq El-Molla said the new discovery will also encourage international companies operating in the area to intensify their exploration efforts.

The minister said the discovery is a good omen for more discoveries in the Western Desert, according to a statement by the Petroleum Ministry.

Eni announced in a press release the oil discovery in Meleiha area located in the South West Meleiha license, in the Egyptian Western Desert, some 103 km north of the Oasis of Siwa. 

The well is the first drilled by Eni to explore the deep geological sequences of the Faghur Basin. 

The exploratory well, named SWM A-2X, has been drilled to a total depth of 5,090 meters and encountered 18 meters of light oil in the Paleozoic sandstones of Dessouky Formation of Carboniferous age. 

Eni plans to carry out more exploratory activities in this promising area.

Eni discovered Egypt's giant Zohr gas field in 2015. In December 2017, the company delivered the first gas from the field, whose estimated 30 trillion cubic feet makes it the biggest gas field in the Mediterranean. 

Eni announced last week the start of the second production line of Zohr. Production of the field is scheduled to reach 1.2 billion cubic feet per day in May and two billion cubic feet per day by the end of 2018, amassing 2.7 billion cubic feet per day. 

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