Italy’s Eni plans to develop the field with US major Chevron Italian energy major Eni has announced the discovery of a new offshore gas deposit in Egypt at the Nargis-1 exploration well, which is located in the Eastern Mediterranean Sea’s Nargis offshore area concession, the company said on Sunday. The Nargis-1 well is part of Egypt’s 1,800-square-kilometer Nargis offshore area concession operated by the US oil and gas giant Chevron. Both companies own a 45% stake in the exploration project, while a 10% stake belongs to Egypt’s Tharwa Petroleum Company SAE. The volume of reserves in the well are being evaluated, E
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