Eni makes new oil discovery in Gulf of Suez

Eni has discovered new oil resources in the Abu Rudeis Sidri concession in Gulf of Suez, the company said on Friday. Petrobel, a JV between the state-owned Egyptian General Petroleum Corporation and Eni’s Egyptian subsidiary, IEOC, had begun drilling the Sidri South well in the concession last July. The well will begin production in the next few days with an expected initial output of around 5k bbl/d.