Eni Begins Production at Egypt's Baltim South West Gas Field
17 September 2019 - 7:32PM
Dow Jones News
By Cristina Roca
Eni SpA (ENI.MI) said Tuesday that it has started production at
Egypt's Baltim South West gas field.
A first well, BSW1, has been started up, and the field is now
producing 100 million standard cubic feet per day, the Italian
energy company said.
Eni expects the drilling of five more wells with the goal of
reaching the production target of 500 million standard cubic feet
per day by the second quarter of 2020.
The overall gas potential from the Baltim South West field is
approximately 1 trillion cubic feet of gas in place, Eni said.
Eni holds a 50% stake in the project through its subsidiary
Ieoc, while BP PLC (BP.LN) holds the other half, the company
said.
Write to Cristina Roca at cristina.roca@dowjones.com;
@_cristinaroca
(END) Dow Jones Newswires
September 17, 2019 05:17 ET (09:17 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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