Dubai, United Arab Emirates (CNN) – Italian exploration company Eni on Wednesday announced the discovery of 3 oil wells in Egypt’s Western Desert.
The company said in a statement that the 3 wells discovered in the Mleiha concession have been accessed through the Arkadia field, which is located about 1.5 km away, and production has already begun with a production capacity of about 5,500 barrels of oil per day.
The company said in a statement published on its website that the new discovery will add about 10 thousand barrels of oil per day to the total production of “Eni” in the western desert of Egypt.
The company also indicated that its successful implementation of the exploration strategy it is spearheading in the Western Desert through Agiba, a joint venture between Eni and the Egyptian General Petroleum Corporation, boosts the value of new resources faster.
Eni owns, through its subsidiary “Leuc”, a stake in the Mleiha concession of 38%, while “Lukoil” owns 12% and the Egyptian General Petroleum Corporation 50%.
The Italian company has been present in Egypt since 1954, as it is the main producer of oil in the country. Eni’s current production of hydrocarbons is about 320,000 barrels of oil equivalent per day.