ENI discovers more gas off Libya's coast

(AGI) Rome, March 16 - Italian oil and gas company ENI has madea significant discovery of gas and condensates off the Libyancoast, at the Bahr Essalam South exploration prospect at AreaD, 82 kilometres from the coast and 22 kilometres from the BharEssalam production field. ENI -via ENI North Africa BV- is theoperator in Area D with a 100 percent share of the area duringthe exploration phase. The discovery was made through wellB1-16/4, drilled at a water depth of 150 metres in the MetlaouiFormation of Eocenic Age. The well produced about 1 million

(AGI) Rome, March 16 - Italian oil and gas company ENI has madea significant discovery of gas and condensates off the Libyancoast, at the Bahr Essalam South exploration prospect at AreaD, 82 kilometres from the coast and 22 kilometres from the BharEssalam production field. ENI -via ENI North Africa BV- is theoperator in Area D with a 100 percent share of the area duringthe exploration phase. The discovery was made through wellB1-16/4, drilled at a water depth of 150 metres in the MetlaouiFormation of Eocenic Age. The well produced about 1 millioncubic metres of gas and over 600 barrels of condensate a dayduring tests. This was limited by the reduced capacity of thesurface infrastructure in this phase. It has been estimatedthat the well could deliver in excess of 1.5 million cubicmetres of gas and 1,000 barrels of condensate a day. It has thepotential to develop quickly due to the proximity of the BahrEssalam production infrastructures. ENI is using three drillingplants in offshore exploration and in outlining the area Ddiscoveries. The development of Libyan natural gas will supportthe growth of domestic consumption and local industry, helpingthe country to keep its role as a strategic supplier to Italyand Europe. The D area includes the Wafa and Bahr Essalemfields which, since 2004, have supplied the domestic and theItalian markets via the Greenstream pipeline. The area D fieldsproduce a high percentage of liquid product. The offshore areawhere the discovery occurred is a zone where ENI is carryingout major development projects which will enhance recentdiscoveries. ENI is also exploring to meet local demand. ENI'sgas supplies to Libya have grown from about 1 billion cubicmetres in 2009 to 4.3 billion cubic metres last year, with apotential to reach 6.2 billion next year. ENI has been workingin Libya since 1959, and produces about 350,000 barrels a dayof oil equivalent. (AGI).