Eni Boosts Nooros Gas Production
Italian Eni aims to increase gas production from three wells in Nooros field by 180mcf/d in September 2016. A source from EGAS said that the $450m production enhancements of Nooros field will push gas outputs to 700mcf/d by the end of 2016. Current production rates stand at over 350mcf/d in addition to 3,000b/d of condensates, reported Al Borsa News.
The increase in Nooros production will balance natural depletion of gas local production due to resource maturity, with annual reductions in gas output reaching 1.2bcf.
Egypt currently produces gas at the level of 4.05bcf/d in total and gas imports amount to 1.3bcf/d.
In related news, Eni invested around $3.5b to $4b in constructing a natural gas processing plant linked to Zohr field with an overall capacity expected to reach 2.7bcf/d of gas by 2020 as it plans to connect around 900mcf/d of gas to the national grid by the end of 2017 or during the first quarter of 2018.