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MENA Hydrocarbons, Inc. SKNAF

"MENA Hydrocarbons Inc was incorporated on May 11, 2010. The Company is engaged in oil and gas exploration, development and acquisition of properties in the Mediterranean and Middle Eastern regions. The Company's current assets include Egypt: Lagia and Syria: Block IX."


GREY:SKNAF - Post by User

Bullboard Posts
Post by BennyFarmson Feb 07, 2013 3:08pm
175 Views
Post# 20954182

Maybe this is what all the Activity is about

Maybe this is what all the Activity is about

 

Italy’s Eni Makes New Oil Discovery in Egypt

From Ahram Online

Italy’s Eni said on Wednesday it had made a new oil discovery in the western desert of Egypt as the oil and gas major moves to consolidate its presence in the country.

Eni, the biggest foreign energy player in Egypt, said in a statement the new discovery was from the NFW well “Rosa North 1X” located in the Meleiha Concession.

Two wells will be drilled in 2013 and production from each is estimated at 2,000 barrels of oil per day, Eni said.

The discovery follows the Emry Deep field find in 2012 which is currently producing 18,000 barrels of oil equivalent per day after 7 months.

Eni, the biggest foreign oil and gas operator in Africa, owns 56 per cent of the Meleiha Concession through its affiliate IEOC.

In 2011 Eni’s oil and gas equity production in Egypt averaged about 240,000 boe/d.

 

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