Italy’s oil behemoth, Eni SpA E recently announced that it, along with supermajor BP plc BP, now expect higher field potential of the Baltim field in the East Nile Delta, off Egypt, after striking additional gas with the latest well drilled on the project.
The field potential of Baltim South West has been augmented to 1 trillion cubic feet (tcf) of gas in place, subsequent to the results of the appraisal well Baltim South West 2X, which was drilled immediately after the successful drilling of the discovery well Baltim South West 1X.
With the drilling of this new well, the gas potential of this Nooros Area has touched 3 tcf of gas in place. Of this, about 2 tcf are in the Nooros field, while the remaining are in the new independent discovery of Baltim South West. Eni and its partner BP are already engaged in the development options for this new discovery.