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Italian energy company says new gas discovered off Egypt

By AP News - Jan 15, 2023, 08:09 AM ET
Last Updated - Jun 23, 2023, 02:17 AM EDT
eni_oil_and_gas
Eni said the discovery at the Nargis-1 exploration well was made in the Nargis offshore area concession in Egypt.

Italian energy giant Eni has announced what it calls a significant gas discovery offshore of Egypt in the eastern Mediterranean

ROME (AP) — Italian energy giant Eni announced Sunday what it described as a significant gas discovery offshore of Egypt in the eastern Mediterranean.  

Eni said the discovery at the Nargis-1 exploration well was made in the Nargis offshore area concession.  

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Eni said it would further develop the offshore area thanks to a recent award of several exploration blocks. The concession area measures some 1,800 square kilometers (about 700 square miles). 

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