Eni strengthens record production from Nooros field offshore Egypt - ENI

15/03/2018 10:00

The Nooros field represents to date Eni’s main gas producing field in its Egyptian asset portfolio as well as an example of the success of the company’s integrated model

San Donato Milanese (Milan), 15 March 2018 - Eni has strengthened its record production from the Nooros gas field, offshore Egypt, which reached a production of 32 million cubic meters per day, equivalent to around 215,000 barrels of oil equivalent per day (boed). This production level represents the highest ever recorded by an Eni field in Egypt in the last 50 years.

This significant result has been reached thanks to the start-up of the NW-7 well, the thirteenth drilled within this field. Production levels will increase further by June 2018 when a fourteenth well, currently under drilling, will start-up. This is expected to allow Eni to reach 34 million cubic meters per day of production, equivalent to around 230,000 boed.

Leviathan gas deal down to the wire ahead of BG-Shell merger vote - ALBAWABA

The gas export deal is under threat due to the ambivalence
of Shell shareholders. (File photo)

January 25, 2016 via SyndiGate.info
Shareholders will vote this week on Shell's takeover bid for BG, which operates the LNG plant at Idku.

The partners in the Leviathan gas reserve need to act fast if they want exports to Egypt to go ahead. Unless an agreement is signed within the next few days with BG, such an agreement is liable to be delayed substantially, at best, or, at worst, to disappear from the agenda. The reason is that BG and Royal Dutch Shell shareholders are due to vote this week on the takeover of the former by the latter. Shell, which operates in Qatar and may do so in Iran as well, will think twice before signing a deal in Israel.