Eni has begun drilling a second well in the Faghur basin, located in the Western Desert’s West Meleiha concession, a source in the oil and gas sector stated, according to Amwal Al Ghad.
The well has so far been drilled to a depth of 4000 feet, but the company aims to drill to depths of between 13500 and 14000 feet, the source said.
Each well will cost $9 million to drill.
Eni announced the new oil discovery in the Faghur basin earlier in May 2018 after it finished drilling the first SWM A-2X well, Egypt Oil & Gas previously reported.
The well is delivering an initial 2,300 barrels per day (b/d) of crude oil and 400,000 cubic feet per day (cf/d) of associated petroleum gas (APG).
SWM A-2X was drilled to a total depth of 5,090 meters, and found 18 meters of light oil in the Dessouky formation.