Eni Says Production From Nooros Field Offshore Egypt Hits High
March 15 2018 - 5:59AM
Dow Jones News
By Anthony Shevlin
Eni SpA (ENI.MI) said Thursday that it has strengthened output
from the Nooros gas field, with production reaching the
highest-ever level recorded by one of the company's fields in Egypt
in the past 50 years.
The company said production reached 32 million cubic meters a
day, which equals around 215,000 barrels of oil-equivalent.
A 14th well, currently under drilling, will be started up by
June and boost production levels further, with Eni saying it hopes
to reach 34 million cubic meters a day.
Nooros's development will be optimized in the mid term,
following the extension of the development lease that will entail
new investments, said Eni. These include the construction of a new
trunkline linking Nooros with the El Gamil onshore treatment plant
by year-end 2018 and early 2019, as well as the start up of Baltim
SW, which Eni holds a 50% stake in through its affiliate IEOC
Production BV, the Italian company said.
Write to Anthony Shevlin at anthony.shevlin@dowjones.com
(END) Dow Jones Newswires
March 15, 2018 05:44 ET (09:44 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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