Eni of Italy on Thursday upgraded the field potential of Baltim South West to 1 trillion cubic feet of gas in place, following the results of the appraisal well Baltim South West 2X.
The well was drilled immediately after the successful drilling of the discovery well Baltim South West 1X, the company said in a statement.
The Baltim South West field is located in the conventional waters of the Nile Delta, in 25 meters of water depth, 12 Km from the coastline and just 10 Km from the Nooros field, discovered in July 2015 and is already in production.
The Baltim South West 2X well encountered a gas column of 102 meters overall, of which 86 meters net, in two sand layers of messinian age with excellent reservoirs.
With this new well, the gas potential of the so-called “Great Nooros Area” reaches 3 tcf of gas in place, of which about 2 tcf are in the Nooros field, while the remaining are in the new independent discovery of Baltim South West.
Eni and its partner BP are already working on the development options for this new discovery. As for Nooros, the aim is to maximize synergies with existing infrastructures of the area, Eni said.
Eni holds a 50 percent stake in the license of Baltim South through its subsidiary IOEC, while BP holds the remaining 50 percent stake. The operator is Petrobel, a joint venture between IEOC and the state company Egyptian General Petroleum Corporation (EGPC).