Exploration

Egypt: Eni increases Baltim’s potential to 1Tcf

Thursday, 22 September 2016 13:34

Eni has increased the Baltim South West field’s potential to 1 trillion cubic feet of gas in place, after it encountered more gas on the recently drilled Baltim South West 2X appraisal well.

This well came across a gas column of 102 meters in total, of which 86 meters net is in two sand layers of messinian age with excellent reservoirs.

The new well has increased the gas potential of the Great Nooros Area to 3 tcf of gas in place, of which about 2 tcf are in the Nooros field, while the remaining are in the new independent find of Baltim South West, Reuters reports.

The Italian company and its partner BP are currently making the development options for the new discovery.

Baltim South West field is situated in the conventional waters of the Nile Delta, in water depth of 25 meters, 12 Km from the coastline and 10 Km from the Nooros field, which was discovered in July 2015

Eni holds a 50% interest in the Baltim South licence through its subsidiary IOEC, while BP holds the remaining 50% interest.

However, Petrobel a joint venture between IEOC and the state company Egyptian General Petroleum Corporation (EGPC) is the operator.

Anita Fatunji

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

Benjamin FLAUX
bf@agenceecofin.com 
Téls: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.