A new gas field has been discovered in Baltim, 10 km north of the Nooros field discovered in July 2015, the Italian energy firm Eni and British Petroleum (BP) announced on Thursday.
Further appraisals will be conducted in the area to uncover the full potential of the new find, the companies said.
The field has a total depth of 3,750 meters and penetrates almost 62 meters of net gas pay, according to a statement by BP.
This “is the third discovery along the Nooros trend and confirms the great potential of the Messinian play and its significant upside in the area. Our plan is to utilize existing infrastructure, which will accelerate the development of the discovery and expedite early production start-up,” Hesham Mekawy, BP’s North Africa regional manager, said in the statement.
The new find is an extension of the Noroos field, which produces around 65,000 barrels of oil per day. The “Baltim southwest discovery further confirms the significant potential of the so-called ‘Great Nooros Area,’ which is now estimated to hold 70-80 billion cubic meters of gas in place,” Eni said in a statement Thursday.
The Italian firm added that it will continue to explore the greater Nooros area by drilling two new wells.
In August 2015, Eni announced the discovery of what could be Egypt’s biggest gas field in the Zohr prospect in the Shorouk Block of Egypt’s offshore Mediterranean holdings. The field will potentially produce 300 trillion cubic feet of lean gas, which could satisfy Egypt’s natural gas needs for decades.
The Zohr field has the potential to turn around Egypt’s energy crunch. Once a natural gas exporter, in recent years Egypt has been unable to produce enough natural gas to meet its own needs, leading to repeated power cuts for residences and industrial companies alike. The country’s natural gas exporting facilities have been sitting idle, and Egypt has had to rent floating terminals in order to import fuel from abroad.