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Eni Starts Up Production in North Bardawil Field

Source: www.oilegypt.com 8/25/2009, Location: Africa

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Eni started up sub-sea gas production in North Bardawil field, within the North Bardawil Concession, located in the Mediterranean offshore of Egypt. The expected maximum production rate will be 2.7 million scm per day, approximately 17,000 boe/day, of which about 6,000 boe/day as Eni equity share.

The companies working in this project are Ieoc (Eni's affiliate in Egypt) 60% and KUFPEC (Egypt) Ltd (Kuwait Foreign Petroleum Exploration Co. affiliate in Egypt) 40%, whereas the operator is Petrobel, a joint operating company made of Ieoc and EGPC.

The project consists of two sub-sea wells drilled by semi-submersible Rig Scarabeo-4, the installation of 24 Km of sea line in a water depth ranging between 110 and 350 meters, and the tie-back to the existing production platform Barboni.

Eni has made investments in cutting edge technology since the North Bardawil discovery, in particular in the sub-sea production system and for the first time in Egypt, it has applied an innovative smart completion system. These results were made possible through Ieoc, KUFPEC with the cooperation of the Ministry of Petroleum and EGPC.

Eni, through its affiliate Ieoc, started operating in Egypt in 1955. Today, Eni is the leading international hydrocarbon producer in the country. In 2008, Ieoc operated production reached 522,000 boe/day, of which 240,000 boe/day as equity production.

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