By Pietro Lombardi

Eni SpA said Wednesday that a new gas discovery was made offshore Egypt.

The discovery was made in the Great Nooros Area, located in the Abu Madi West Development Lease, in the conventional waters of the Nile Delta.

The Italian company estimates that the Great Nooros Area may have gas reserve of more than four trillion cubic feet.

Eni has a 75% stake in the license of Abu Madi West Development Lease, with BP PLC holding the remaining stake.

Write to Pietro Lombardi at pietro.lombardi@dowjones.com; @pietrolombard10

(END) Dow Jones Newswires

September 16, 2020 04:44 ET (08:44 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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