Egypt’s best hope of a substantial 2024 gas discovery has been dashed. MEES understands that Eni’s Orion-1X well on the Northeast Hap’y block north of Sinai has delivered a duster.
This contrasts with the pre-drill mean resource estimate of 8tcf given by Eni’s junior partner Energean which said the primary target was a carbonate build-up in the Cretaceous in line with Eni’s landmark 2015 Zohr discovery 90km further offshore (MEES, 18 August). (CONTINUED - 834 WORDS)
