Italy’s ENI raises Nooros oil field output in Egypt to 65,000 boed

Italian giant ENI announced Wednesday that their Nidoco North 1X and Nidoco North West 4 development wells had brought the level of production in the Nooros oil field to around 65,000 barrels of oil equivalent per day (boed).

Some 33,000 are ENI’s share.

The oil field is in the Abu Madi West concessionary bloc in the Nile Delta zone, some 120 km northeast of Alexandria.

The Italian energy company noted in a statement that the objective had been met in only 10 months and that it showed the usefulness of ENI’s strategy of ‘near field’ exploration, focusing on high-value activities than make it possible to rapidly develop discoveries through existing infrastructure. The daily output at the Nooros field – about 10 million cubic meters of gas and the 5,000 barrels of condensate – will help reduce gas imports and help make it possible to provide low-cost energy for development in Egypt. ENI’s next objective is to increase production up to 140,000 boed by the end of 2016 through drilling additional wells. ENI will also continue its exploration activities in areas seen as having the most potential.

Source: ANSAmed