Eni and BP Score Gas Off Egypt

Eni and BP have made a new gas discovery in the Baltim South West exploration prospect, located in the Baltim South license, in the Nile Delta, offshore Egypt.

This new discovery, achieved through the Baltim South West 1X well, is placed 12 kilometers from the coast, 25 meters of water depth and 10 kilometers North of the Nooros field, discovered in July 2015. The.Baltim South West 1X well penetrated approximately 120 meters of gross gas column and 62 meters of net pay sandstones of Messinian age with, reportedly, excellent reservoir properties.

Eni is said to be assessing the options for the fast track development of this new find.

In parallel with the appraisal and development activities, Eni will also continue exploring the “Great Nooros Area”, with the drilling of other two wells.

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

 

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