Cairo – Mubasher: Italian energy company Eni announced the discovery of new resources in the Abu Rudeis Sidri development lease in the Gulf of Suez, Ahram Online reported on Friday.
Upon its completion, the new well will be put into production in the next few days with expected daily output of 5,000 barrels.
“The Sidri South discovery, which is estimated to contain about 200 million barrels of oil in place, will be reassessed following these new results,” Eni said in a statement.
It is worth noting that Eni is operating in the Abu Rudeis Sidri development lease through Petrobel, a joint venture between the Italian company and the Egyptian General Petroleum Corporation.
