Eni has upgraded the potential of the Baltim South West field in Egypt to 1 trillion cubic feet of gas in place following the results of the appraisal well Baltim South West 2X.
The well was drilled immediately after the successful drilling of the discovery well Baltim South West 1X.
“With this new well, the gas potential of the so-called “Great Nooros Area” reaches 3 trillion cubic feet of gas in place, of which about 2 tcf are in the Nooros field, while the remaining are in the new independent discovery of Baltim South West,” the company informed in a statement.
Eni Ups Expectations Offshore Egypt
According to Eni, the Baltim South West 2X well encountered a gas column of 102 metres (334.6 feet) overall, in two sand layers of Messinian age with excellent reservoirs.
In the meantime, Eni and partners are already working on the development of this new discovery.
The company explained it aims to maximise synergies with existing infrastructures in the area, in compliance with Eni’s “near field” exploration strategy.
This strategy has been adopted by the oil and gas major “to leverage on high value opportunities that can grant a quick development of new discoveries,” it informed.
Eni Produces Over 200k Barrels in Egypt
The Baltim South West field is located in the conventional waters of the Nile Delta, in water depths of up to 25 metres (82 feet), 12 kilometres (7.45 miles) from the coastline and only 10 kilometres (6.21 miles) from the Nooros field, found in July 2015 and already in production.
Eni holds a 50% stake in the Baltim South licence through its subsidiary IOEC, while BP holds the remaining 50%.
The licence is operated by Petrobel, a joint venture (JV) between IEOC and the state-owned Egyptian General Petroleum Corporation (EGPC).
Eni has been present in Egypt since 1954 and currently produces approximately 205,000 barrels of oil equivalent per day in the country.Last updated on 11:51AM - 07/10/16