Comprehensive  Ghana Oil and Gas news, information, updates, analysis


News in Brief

Eni’s production reaches 65,000 boed at Nooros field

Eni_logo_62Eni, following the start of production of the Nidoco North 1X exploration well and the Nidoco North West 4 development well, brought the production of Nooros field, located in Abu Madi West concession, to around 65,000 barrels of oil equivalent per day (around 33,000 net to Eni).


In an update, Eni the Italian energy firm said this new milestone, achieved in just 10 months after discovery took place in July 2015, further confirms Eni’s near-field exploration strategy oriented on high-value activities, which, thanks to the existing infrastructures, allows the fast development of the findings.

Nooros’ daily production, consisting approximately 10 million cubic meters of gas and 5,000 barrels of condensates, will provide an important contribution to reduce Egypt gas imports as well as for supplying low cost energy for the country’s development.

The next target for Eni is to increase production up to 140,000 boe per day by the end of 2016, through the drilling of additional wells and facility optimisation. In addition, Eni will continue its exploration activities within the licensed area, where more potential was identified.

Eni, through its subsidiary IEOC, holds a 75% stake in the concession of Abu Madi West, located in the Nile Delta, while BP holds a 25% stake. In the licence, operations are being conducted by Petrobel, which is a joint venture between IEOC and the State partner Egyptian General Petroleum Corporation (EGPC).

Eni has been present in Egypt since 1954 where it operates through IEOC. The equity production in the country was in 2015 about 200 thousand barrels of oil equivalent per day.


Source: http://classfmonline.com/1.9112198

Profile photo of Editor
Follow Us

Editor

Reporting Oil and Gas project was launched on 4th June 2009atTakoradi, Western Region, Ghana by Penplusbytes (PPB – www.penplusbytes.org) with the vision of providing a one stop online information and knowledge about Ghana’s oil and gas sector
Profile photo of Editor
Follow Us

Share this article

Leave a reply

Personality of the Month
  • Prof. Thomas Mba Akabzaa Chief Director of Ministry of Petroleum          …
Follow Us Online
Join the Discussions

Summary: Revenue mobilization from the oil sector for Agricultural production in Ghana, a myth or reality?

Agriculture, once considered the backbone of Ghana’s economy recorded a reduction of its contribution to GDP from 45% in 1992…

Responses Add your response


About Us
Reporting Oil and Gas project was launched on 4th June 2009 at Takoradi, Western Region, Ghana by Penplusbytes (www.penplusbytes.org) with the vision of providing a one stop online information and knowledge about Ghana’s oil and gas sector read more
Events Calendar
<< Aug 2017 >>
MTWTFSS
31 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3
Twitter Activity Stream
 

Partners We are proud to be associated with:

Skip to toolbar