Eni, an Italian multinational oil and gas company, has reached 65,000 barrels of oil equivalent per day production from its Nooros field in Egypt, ten months after discovery.
The company stated on Wednesday that its Nidoco North 1X and the Nidoco North West 4 development wells brought the level of production to around 65,000 boed, with 33,000 net to Eni.
The Nidoco North 1X and North West 4 development wells are part of the Nooros field, located in the Abu Madi West concession. This level of production comes ten months after the discovery was made in July 2015. Eni said in February that just two months after the initial Nooros discovery, production of approximately 45,000 barrels of oil equivalent per day was reached and that the company hoped to reach over 60,000 boed by mid-2016.
Eni said this confirms that the company’s near-field exploration strategy oriented on high-value activities allows fast development of findings.
According to the statement, Nooros’ daily production, consisting of approximately 10 million cubic meters of gas and 5,000 barrels of condensates, will provide an important contribution to reducing Egypt’s gas imports as well as for supplying low-cost energy for the country’s development.
The company said its next milestone will be boosting production to 140,000 boed by the end of 2016 through the drilling of additional wells and facility optimization. Eni further plans to continue with exploration activities in its license area where, Eni said, more potential was identified. To remind, Eni last year made a giant gas discovery – Zohr – in Egyptian waters. The find has been dubbed the largest gas discovery ever in the Mediterranean Sea.
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 license, operations are being conducted by Petrobel, which is a joint venture between IEOC and the State partner Egyptian General Petroleum Corporation (EGPC).