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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Eni, Chevron Announce New Gas Discovery in Egyptian Field

An Egyptian gas field. Reuters file photo

Italian energy group Eni and US energy major Chevron said on Sunday they had made a new gas discovery in an Egyptian offshore field in the Eastern Mediterranean sea.

The Nargis-1 well is part of Egypt's 1,800-sq. km Nargis Offshore Area concession operated by Chevron, which holds a 45% interest in it. Eni also holds a 45% stake, while Egypt's Tharwa Petroleum Company SAE holds a 10% interest, Reuters reported.

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