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