Eni upgraded the field potential of the offshore Baltim South West field on Wednesday to 1 trillion cubic feet of gas in place.
The upgrade follows the results of the Baltim South West 2X appraisal well in offshore Egypt.
The well was drilled immediately after the successful drilling of the Baltim South West 1X discovery well in June.
The Baltim South West field is located in the conventional waters of the Nile Delta, in 82 feet of water and about seven miles from the coastline.
The field is located about six miles from the Nooros field that was discovered in July 2015 and is already in production.
The Baltim South West 2X well encountered a gas column of 334 feet overall, with 282 net feet, in two sand layers of messinian age with “excellent reservoirs,” Italy-based Eni said.
Thanks to the new well, the gas potential of the Great Nooros Area has now reached 3 tcf of gas in place, with about 2 tcf located in the Nooros field.
The remaining 1 tcf feet of gas is located in the new Baltim South West independent discovery.
Eni and its partner, BP, are already working on the development options for the new discovery.
“As for Nooros, the aim is to maximize synergies with existing infrastructures of the area, in accordance with the “near field” exploration strategy adopted by Eni to leverage on high value opportunities that can grant a quick development of new discoveries,” Eni said.
Eni holds a 50 percent stake in the Baltim South license through its subsidiary IOEC.
BP holds the remaining 50 percent stake.
The field is operated by Petrobel, a joint venture between IEOC and state-owned Egyptian General Petroleum Corporation.
Eni has been present in Egypt since 1954, where it operates through IEOC Production BV.
Eni’s current equity production in Egypt is about 205,000 barrels of oil equivalent per day.