Eni brings Egypt’s Nooros field production to 65,000 boepd in 10 months

eni iancujustin sxcEni, through its subsidiary IEOC, holds a 75 per cent stake in the concession of Abu Madi West Concession. (Image source: Iancu Justin/sxc.hu)Following the start of production of the Nidoco North 1X exploration well and the Nidoco North West 4 development well, Eni has brought the production of the Nooros field, located in Egypt’s Abu Madi West Concession, to around 65,000 boepd

According to the company, 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, 10mn cu/m 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 boepd by the end of 2016, through the drilling of additional wells and facility optimisation. In addition, Eni will continue its exploration activities within the license area, where more potential was identified.

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

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