Eni, BP tightens potential of Baltim Field

Eni, BP tightens potential of Baltim Field

Eni has upgraded the potential of Baltim South West field to 1 Tcf of gas in place following the results of the Baltim South West 2X appraisal well, which was drilled immediately after the discovery well says WorldOil

Baltim South West field is in the Nile Delta. The field, which has a water depth of 25 m, lies 12 km from the coastline and 10 km from Nooros field, which was discovered in July 2015 and is already on-stream.

With this new well, the gas potential of the Great Nooros Area stands at 3 Tcf of gas in place, of which about 2 Tcf are in Nooros field.

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 infrastructure in the area, Eni said in a statement.

Eni, through its subsidiary IOEC, holds a 50% stake in the Baltim South license, while BP holds the remaining 50% stake. The operator is Petrobel, a joint venture between IEOC and the state company Egyptian General Petroleum Corporation.

Related News: Eni, Novatek to Explore four offshore blocks in Montenegro

Novatek and Eni will take stake in four offshore blocks, with each holding a 50 percent share. Eni has been appointed the operator reports Offshore Energy Today

Blocks 4118-4, 4118-5, 4118-9 and 4118-10, comprising a total area of approximately 1.2 thousand square kilometers, are located in the territorial waters of Montenegro.

The bids for these four blocks were submitted in 2014. The Government of Montenegro selected the consortium as the best bidder and passed the concession proposal to the Parliament in 2015.

In June 2016, the Parliament of Montenegro resolved on concluding the concession contract with Novatek and Eni.

Offshore Energy Today has reached out to the government of Montenegro seeking details on the terms of the agreement with Eni and Novatek. We will update the article if we get a response.

Related News:Eni gets Goliat Order from Petroleum Safety Authority (PSA)

With oil production from the Eni-operated Goliat field in the Barents Sea still offline after a shutdown on Friday, Norwegian offshore safety watchdog, the Petroleum Safety Authority (PSA), has formally ordered an investigation.

As Offshore Energy Today reported on Monday, because a similar incident happened aboard the Goliat FPSO before, PSA Norway issued a notification of order to Eni to identify and implement necessary measures after the last event to come in compliance with environmental, health and safety legislation.

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