Eni discovers more than 1tcf of gas near Libya’s Bahr Essalam field

Core Insights - Eni has announced two significant gas discoveries in Libyan waters, estimated to contain over one trillion cubic feet (tcf) of gas [1][2] - The discoveries were made at Bahr Essalam South 2 (BESS 2) and Bahr Essalam South 3 (BESS 3), located approximately 85km offshore [1] - The gas is intended for domestic use in Libya and export to Italy, with integration into existing production systems expected to be swift due to proximity to current infrastructure [2] Company Overview - Eni has been operating in Libya since 1959 and is a major international player in the region, with projected equity production of around 162,000 barrels of oil equivalent per day by 2025 [4] - The company is currently executing three developmental projects, with two expected to commence this year [4] - Eni operates the Bahr Essalam gas and condensate field through a joint venture with the Libyan state-owned National Oil Corporation (NOC) [3] Exploration and Production Details - The gas was discovered within the Metlaoui Formation, which is recognized as a key reservoir in the region [2] - Drilling operations were conducted at depths of approximately 650ft, validating the productive capacity of the reservoir through well tests [2] - The Bahr Essalam field is Libya's largest offshore production site, with production having started in 2005 [3]