ROME (Reuters) -- Italian energy giant Eni has announced a significant gas discovery offshore of Egypt in the eastern Mediterranean.
Eni said the discovery at the Nargis-1 exploration well was made in the Nargis offshore area concession.
Eni said it would further develop the offshore area thanks to a recent award of several exploration blocks. The concession area measures some 1,800 square kilometers (about 700 square miles).