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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Eni Spa | BIT:ENI | Italy | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.116 | -0.78% | 14.708 | 14.662 | 14.80 | 14.854 | 14.656 | 14.846 | 8,546,828 | 17:00:00 |
From May 2019 to May 2024
By Anthony Shevlin
Eni SpA (ENI.MI) said Thursday that it has strengthened output from the Nooros gas field, with production reaching the highest-ever level recorded by one of the company's fields in Egypt in the past 50 years.
The company said production reached 32 million cubic meters a day, which equals around 215,000 barrels of oil-equivalent.
A 14th well, currently under drilling, will be started up by June and boost production levels further, with Eni saying it hopes to reach 34 million cubic meters a day.
Nooros's development will be optimized in the mid term, following the extension of the development lease that will entail new investments, said Eni. These include the construction of a new trunkline linking Nooros with the El Gamil onshore treatment plant by year-end 2018 and early 2019, as well as the start up of Baltim SW, which Eni holds a 50% stake in through its affiliate IEOC Production BV, the Italian company said.
Write to Anthony Shevlin at anthony.shevlin@dowjones.com
(END) Dow Jones Newswires
March 15, 2018 05:44 ET (09:44 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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