Egypt reports promising gas find at Nessim-1X well in Mediterranean
Egypt's petroleum ministry says the Nessim-1X well may hold about 200 Bcf of gas. Eni operates with Woodside as partner, and a 22 km pipeline would speed output.
- published on Newsmetry
- original source published
the same feed is available to bots and dashboards through the api. connect the api →
what happened
Egypt's Ministry of Petroleum and Mineral Resources has reported positive drilling results from the Nessim-1X gas exploration well in the Mediterranean Sea, according to Reuters. Preliminary estimates point to roughly 200 billion cubic feet (Bcf) of gas in the reservoir.
The well sits in the Temsah Concession. Italy's Eni operates it with Australia's Woodside as partner, and Petrobel carried out the drilling. Early data show good petrophysical properties in the gas-bearing rocks and a net pay thickness of 15 meters in true vertical depth. Technical studies are under way to assess the well's production potential.
To speed development, plans call for an approximately 22-kilometer gas pipeline linking the well to the Abu Madi–El Gamil pipeline. The ministry says this will shorten the time needed to bring the find online and support Egypt's domestic gas output.
why it matters
For markets, the find matters mainly over the longer term: higher domestic output could reduce Egypt's need for imported gas, including LNG. The estimates are still preliminary, so a noticeable effect on prices in the near term is unlikely.
market impact
Gas: new Egyptian reserves add a small amount of supply, with limited price impact for now
tags
instruments
sources
- ZAWYA: Egypt unveils positive drilling results from Nessim-1X natural gas exploration well — Reuters, 9 November 2026 at 06:42 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
alerts on your topics, the morning digest and the api — in your account.
get stories in real time ↗