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17.01.23 – Eni, Chevron announce new gas discovery in Egyptian East Med field

MILAN, Jan 15 (Reuters) – Italian energy group Eni (ENI.MI) and U.S. energy major Chevron (CVX.N) said on Sunday they had made a new gas discovery in an Egyptian offshore field in the Eastern Mediterranean sea.

The Nargis-1 well is part of Egypt’s 1,800-sq. km Nargis Offshore Area concession operated by Chevron (CVX.N), which holds a 45% interest in it. Eni also holds a 45% stake, while Egypt’s Tharwa Petroleum Company SAE holds a 10% interest.

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