Italy’s Eni celebrated record breaking production levels Monday at its producing assets in Egypt’s Western Desert.
The company is pumping a record 70,000 barrels of oil per day in the Western Desert, doubling its production level in the area in just three years.
Eni said the production spike is thanks to its Melehia development lease, located 180 miles west of Alexandria.
In Melehia, Eni’s production has reached 54,000 barrels of oil per day following its exploration successes in the deep plays of Lower Cretaceous and Jurassic age.
The company is currently carrying out an intensive exploration, appraisal, workover and production optimization activity in Melehia’s deep plays.
The rest of Eni’s Western Desert production comes from three other development leases: Ras Qattara, Raml and West Razzak.
Eni signed a new concession agreement in January to operate in the Melehia Southwest block, where exploration activities are expected start sometime this year.
“Eni deems this concession a key element for the sustainability of future production growth in the Egyptian Western Desert,” the company said.
Eni, through its subsidiary International Egyptian Oil Company (IEOC), holds a 76 percent stake in the Melehia licence.
Russia’s Lukoil holds the remaining 24 percent stake while Agiba, equally held by IEOC and the Egyptian General Petroleum Corporation, operates the license.
Eni has been present in Egypt since 1954, where it operates through its subsidiary IEOC, and is the market leader with an equity production of about 210,000 barrels of oil equivalent per day in 2014.