Drilling Results Confirm the Extension of Gas-Bearing Reservoirs and Encountering an Additional Gas-Bearing Interval, Supporting Further Field Appraisal and Assessment of Development Opportunities
The Ministry of Petroleum and Mineral Resources and Chevron announced positive results from drilling operations at Nargis-2 natural gas well in the Mediterranean Sea. Drilling operations commenced in May through a partnership involving Chevron, its partners, and the Egyptian Natural Gas Holding Company (EGAS).
The results support ongoing efforts to appraise Nargis discovery, made in 2022, and accelerate work toward the commercial development of the field as one of the undeveloped discoveries. They confirm the extension of the gas-bearing reservoirs previously identified in the Nargis-1 well, in addition to the encounter of an additional gas-bearing interval with high-quality reservoir properties. This supports efforts to assess the area’s gas resources and evaluate opportunities for their development.
Nargis-2 well was drilled to appraise the extensions of Nargis discovery, as well as to test deeper geological intervals, as part of efforts to expand exploration activities and maximize the potential of the Mediterranean Sea, including formations characterized by high pressures and high temperatures.
The well reached a total depth exceeding 5,000 meters. Evaluation results indicated up to 35 meters of net gas pay, a positive indicator supporting further technical studies to determine the discovery’s overall potential and assess its development prospects.
These results are part of the Ministry of Petroleum and Mineral Resources’ strategy to accelerate the development of undeveloped discoveries, encourage investment partners to intensify exploration activities, and convert discovered resources into reserves that can be developed and produced, thereby supporting increased domestic natural gas production.
Eng. Karim Badawi, Minister of Petroleum and Mineral Resources, had witnessed the commencement of drilling operations at Nargis-2 well in May aboard Stena Forth drillship. He emphasized the importance of accelerating the appraisal and development of undeveloped gas discoveries and strengthening cooperation with international energy companies to capitalize on Egypt’s promising petroleum and natural gas resources.
Chevron operates Nargis area in partnership with Italy’s Eni, UAE’s Mubadala Energy, and Egypt’s Tharwa Petroleum.
Eng. Karim Badawi during His Visit to Nargis 2 Well in the Mediterranean Sea