Chevron's Nargis-2 well encounters high-quality reservoirs offshore Egypt
Chevron's Nargis-2 well encounters high-quality reservoirs offshore Egypt Oct 24 (Reuters) - Chevron's CVX.N Nargis-2 appraisal well offshore Egypt encountered high-quality reservoirs and confirmed the discovery made at the Nargis-1 well, the US oil major said in an emailed statement to Reuters.
The well appraised the Miocene and Oligocene sections, Chevron said, adding that the results would help guide further technical analysis and exploration planning in Egypt and the Mediterranean region
Chevron operates the Leviathan and Tamar gas fields offshore Israel in the Eastern Mediterranean
Chevron holds a 45% working interest in the Nargis concession, alongside IEOC Production B.V., which also holds 45%, and Egypt's Tharwa Petroleum Company, which holds 10%.
The Nargis-2 well was drilled as part of the second exploration phase of the Nargis Offshore Concession, which required Chevron to drill one exploratory well
(Reporting by Shadia Nasralla in London and Angela Christy in Bengaluru. Editing by Mark Potter)
((AngelaChristy.M@thomsonreuters.com))
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