Eni introduced, in an announcement posted on its website on Monday, new gasoline discoveries in Libya totaling a couple of trillion cubic ft.
The corporate revealed within the assertion that it had made two new finds within the nation “on account of an exploration marketing campaign initiated prior to now months”.
Eni mentioned two adjoining geological constructions, Bahr Essalam South 2 (BESS 2) and Bahr Essalam South 3 (BESS 3), “had been efficiently drilled by the B2-16/4 and C1-16/4 wells, situated roughly 85km [52.8 miles] off the coast in about 650 ft of water, and 16km [9.9 miles] south of the Bahr Essalam gasoline discipline”.
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Within the assertion, Eni famous that gas-bearing intervals had been encountered in each wells inside the Metlaoui Formation, which the corporate mentioned is the principle productive reservoir of the world.
“The acquired knowledge point out the presence of a top quality reservoir, with productive capability confirmed by the nicely take a look at already carried out on the primary nicely,” Eni mentioned.
“Preliminary volumetric estimates point out that the BESS 2 and BESS 3 constructions collectively include a couple of trillion cubic ft of gasoline in place,” it added.
“Their proximity to the Bahr Essalam discipline – the biggest offshore discipline within the nation, in operation since 2005 – will allow fast improvement via tie-back to current offshore amenities,” it continued.
Eni famous within the assertion that the gasoline produced will probably be equipped to the Libyan home market and for export to Italy.
In an announcement posted on Libya Nationwide Oil Company’s (NOC) web site on Monday, NOC introduced “a major exploration milestone in Libyan waters”.
“This follows the profitable completion of drilling operations for the exploration nicely C1-16/4 and the appraisal nicely B2-16/4 within the Bahr Essalam 2 and Bahr Essalam 3 constructions,” it added.
“The drilling was carried out by Eni North Africa, a international associate, as a part of its exploration commitments within the offshore space. Preliminary assessments point out the presence of great gasoline reserves, estimated at round one trillion cubic ft,” it continued.
Within the assertion, NOC mentioned it’s actively engaged on an pressing improvement plan to attach the 2 wells to the Bahr Essalam offshore platform.
“These discoveries are projected so as to add about 130 million cubic ft of gasoline per day, boosting the NOC’s capability to satisfy each home and worldwide market calls for and serving to to deal with any gasoline provide shortages,” NOC mentioned within the assertion.
“This discovery highlights the promising potential of Libya’s offshore basins and continues the NOC’s efforts to spice up manufacturing charges and develop the nation’s pure sources,” it added.
In accordance with the Power Institute’s (EI) newest statistical evaluate of world power, which was launched final 12 months, Libya produced 14.3 billion cubic meters of pure gasoline in 2024. That marked a 4.1 % 12 months on 12 months lower, and 0.3 % of world pure gasoline manufacturing in 2024, the evaluate confirmed.
From 2014 to 2024, Libya’s pure gasoline manufacturing has elevated by an annual common of 1.9 %, the evaluate outlined.
The EI’s gasoline figures exclude gasoline flared or recycled and embody pure gasoline produced for gasoline to liquids transformation, the EI evaluate highlights.
In one other assertion posted on its web site final week, Eni introduced a “important” oil discovery within the Algaita-01 exploration nicely in Block 15/06, offshore Angola.
The discover is roughly 11 miles from the Olombendo FPSO and preliminary estimates point out oil instead of round 500 million barrels, Eni highlighted in that assertion.
“The Algaita-01 nicely, spudded on 10 January 2026, was drilled by the Saipem 12000 drill ship in a water depth of 667 meters [1,968 feet],” Eni famous.
“The nicely encountered oil-bearing sandstones in a number of Higher Miocene intervals, characterised by glorious petrophysical properties. A complete knowledge acquisition marketing campaign, together with fluid sampling, confirmed the standard of the reservoir and the fluid traits,” it added.
“The presence of current close by manufacturing infrastructure additional enhances the worth of the invention and improves its improvement prospects,” it continued.
To contact the creator, e mail andreas.exarheas@rigzone.com
