Italian energy company Eni on Thursday announced a new natural gas discovery off the Egyptian coast.
The discovery is in the Nour North Sinai Concession located in the Eastern Egyptian Mediterranean, some 50 kilometres north of the Sinai peninsula, which Eni operates with a 40 percent stake.
The Nour-1 well found an estimated gas column of 90 metres, Eni said, adding that the well has yet to be tested.
Eni said it would start the feasibility studies to “accelerate the exploitation of these new resources” after finalising the discovery evaluation.
Eni signed a concession agreement for exploration in the Nour prospect in August 2018.