Egypt and Chevron Announce Positive Results at Nargis-2 Gas Well
- Egypt’s Ministry of Petroleum and Mineral Resources and US energy major Chevron announced positive results on Saturday from drilling the Nargis-2 natural gas well in the Mediterranean Sea,...
- The appraisal well reached a total depth of more than 5,000 meters to evaluate the extent of the original Nargis discovery made in 2022 and to test deeper...
- Appraisal results indicate that these gas-bearing reservoirs contain a net pay thickness of up to 35 meters.
Egypt’s Ministry of Petroleum and Mineral Resources and US energy major Chevron announced positive results on Saturday from drilling the Nargis-2 natural gas well in the Mediterranean Sea, marking a step toward boosting domestic energy output and accelerating the commercial development of undeveloped gas reserves. Drilling operations at the offshore well began in May as part of a joint effort involving Chevron, its project partners, and the Egyptian Natural Gas Holding Company (EGAS).
Drilling Operations Confirm New Gas Layers at Nargis-2
The appraisal well reached a total depth of more than 5,000 meters to evaluate the extent of the original Nargis discovery made in 2022 and to test deeper geological formations. The drilling results confirmed the extension of gas-bearing reservoirs previously encountered at the Nargis-1 well. Furthermore, the operation identified an additional gas-bearing reservoir featuring favorable characteristics.
Appraisal results indicate that these gas-bearing reservoirs contain a net pay thickness of up to 35 meters. The findings provide data for evaluating high-pressure and high-temperature formations in the Mediterranean, supporting the broader national strategy to expand offshore exploration and maximize the region’s hydrocarbon potential.
Concession Partnership and Ministerial Oversight
Chevron operates the Nargis Offshore Concession through a partnership that includes Italy’s Eni, the United Arab Emirates’ Mubadala, and Egypt’s Tharwa Petroleum Company. Egyptian Minister of Petroleum and Mineral Resources Karim Badawi witnessed the launch of drilling operations in May, observing work aboard the Stena Forth drillship.
During his visit to the drillship, Minister Badawi emphasized the importance of accelerating the appraisal and development of undeveloped discoveries. He also stressed the importance of strengthening cooperation with international energy companies to convert discovered resources into reserves that can be developed and brought into production.
Technical Studies and Future Production Goals
The positive drilling data now paves the way for technical studies designed to determine the overall potential of the Nargis discovery and assess commercial development opportunities. These steps directly align with the ministry’s strategy to encourage investment partners to intensify exploration activities.
By transforming discovered resources into reserves that can be developed and brought into production, Egyptian authorities aim to secure growth in domestic natural gas output.