Eni made a new significant gas discovery in the Baltim South West exploration prospect, in the conventional waters of Nile Delta, offshore Egypt.
This new discovery is placed 12 kilometers from the coast, 25 meters of water depth and 10 kilometers North of the Nooros field, discovered in July 2015. Nooros field already reached in May a production of 65.000 barrels of oil equivalent per day and is expected reaching 120.000 boe/d by yearend 2016.
Baltim South West discovery, further confirms the significant potential of the so called “Great Nooros Area”, which is now estimated to hold 70-80 billion cubic meters of gas in place.
Eni is already assessing the options for the fast track development of this new find, which like that of Nooros, will exploit solutions able to accelerate the production start-up, through the maximum synergy with the existing infrastructures already present in the area.
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This further discovery is a new success of eni’s “near field” exploration strategy, in the country aiming on high value opportunities, able to guarantee the rapid delivery of new gas production to the Egyptian market .
In parallel with the appraisal and development activities, Eni will also continue exploring the “Great Nooros Area”, with the drilling of other two wells.
