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March 16, 2015

Eni unveils two gas discoveries in Libya and Indonesia

Eni has made a new gas discovery offshore Libya, and identified more gas at its Merakes-1 well in Indonesia.

Eni has made a new gas discovery offshore Libya, and identified more gas at its Merakes-1 well in Indonesia.

In Libya, the company made a significant gas and condensates discovery at the B1-16/4 well in the Bahr Essalam South exploration prospect, located in Contract Area D, 82km from the coast and 22km from the production field of Bahr Essalam.

The well was drilled at 150m water depth, where gas and condensates were encountered in the Metlaoui Formation of Eocene age.

It produced 29 million square cubic feet per day (Mscf/d) and above 600 barrels per day (bbpd) of condensate.

"Eni has been operating in Libya since 1959 and presently produces about 350,000 barrels of oil equivalent per day in the country."

Eni estimates that the well will deliver over 50Mscf/d and 1,000bbpd of condensate.

The company is currently active offshore Libya with three drilling rigs in Contract Area D. Eni has been operating in Libya since 1959 and presently produces about 350,000 barrels of oil equivalent per day in the country.

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Eni, via its subsidiary Eni North Africa, operates Contract Area D, with 100% working interest in the exploration phase.

In Indonesia, Eni completed post drilling studies that indicated significant upside gas potential at the Merakes-1 wel, l with an estimated two trillion cubic feet (Tcf) of gas.

Merakes-1 is located in the East Sepinggan block, offshore East Kalimantan (Borneo), 170km south of the Bontang LNG plant, and just 35km south of Jangkrik field.

Eni says that new studies upgrade the potential of Merakes from the earlier estimates of 1.3Tcf to up to 2Tcf of gas in place.

In October 2014, Eni drilled at 1372m water depth, encountering a 60m section of high quality sandstones.

The company said it will bring forward the appraisal programme to identify the potential fast track development of the finding, optimising synergies with the near Jangkrik field.

Eni’s average equity production in Indonesia amounts to 17,000boe/d. The company operates the East Sepinggan Block with an 85%stake.

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