Eni, an Italian oil company, has announced another oil discovery in Egypt’s Western Desert, according to the company’s official statement. The oil discovery took place 130 km south-west of the Siwa Oasis during their B1-X exploration in the South West Meleiha Concession. The official statement from the company read “The discovery on B-1X confirms the high exploration and production potential of the deep geological sequences of the Faghur Basin.” Earlier in may, Eni announced the discovery of a major reservoir of oil 103 km of the Siwa Oasis. This A2-X exploration was in the same region as the previous one, in fact the second well was a mere 7km away from the A2-X exploration, and could point to a much larger store of oil in the area. In August of 2015, Eni also discovered a major field of natural gas in Egypt, in what was labelled a “supergiant” of an oil field. The energy company is Egypt’s largest producer of oil, and currently has an output of 300,000 barrels of oil a day – 50,000 of which come from Egypt’s western desert. Eni plans to explore further the area surrounding…
