Subscribe free to our newsletters via your
. Space Industry and Business News .




OIL AND GAS
Eni finds gas offshore Libya
by Daniel J. Graeber
Milan, Italy (UPI) May 26, 2015


disclaimer: image is for illustration purposes only

Italian energy company Eni announced Tuesday it made its second discovery of the year at an exploration prospect off the coast of Libya.

Eni said it made a natural gas and condensate discovery in so-called Area 3, a reserve area about 85 miles off the Libyan coast.

"The well represents the second discovery made by Eni in Libyan offshore Area D since the beginning of 2015," the company said in a statement.

Production tests yielded a preliminary flow rate from the well at 1,340 barrels of oil equivalent per day. Eni estimates the well should be able to produce at least 3,000 boe per day at its peak.

Before NATO forces intervened in Libyan civil war in 2011, the country was producing more than 1 million bpd. The Organization of Petroleum Exporting Countries in its latest market report said production from member-state Libya was around 300,000 bpd.

Libya has been unable to coordinate political efforts across the wide range of groups vying for more power since civil war ended. The terrorist group calling itself the Islamic State, meanwhile, has gained a foothold in the war-torn country.

Italy received nearly 10 percent of its natural gas from Libya's Greenstream pipeline before the Libyan civil war began in February 2011. Eni started production from Libyan offshore fields feeding that pipeline in 2004.

With a legacy extending back to 1959, Eni said it's the largest international oil company working in Libya and is producing 250,000 barrels of oil equivalent from its assets there.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








OIL AND GAS
Report: South Sudan's fate hinges on oil
Juba, South Sudan (UPI) May 26, 2015
The political unity holding South Sudan together may hinge on battles over oil-producing regions along the country's northern border, an analyst said. When it gained independence from Sudan in 2011, the landlocked country gained control over much of the oil-producing regions, but Sudan maintained its grip on export infrastructure. Conflict erupted in South Sudan in 2013 when Salv ... read more


OIL AND GAS
Amazing microdroplet structures may lead to new technologies

Robotic sonar system inspired by bats

Researchers measure thermoelectric behavior by Tinkertoy materials

Defects can 'Hulk-up' materials

OIL AND GAS
IOC status for upgraded French AWACS aircraft

Russian Radio-Electronic Forces to Conduct Drills in Armenian Mountains

Thales granted multiple-award IDIQ contract for Army radios

German ships receiving Indra's satellite communications terminals

OIL AND GAS
DirecTV-15 and SKY Mexico-1 integrated for Ariane 5 heavy-lift mission

Russia to Launch US Comms Satellite Into Space

Report: SpaceX Falcon 9 rocket certified to fly NASA missions

Fifth Vega takes shape for its flight with Sentinel-2A

OIL AND GAS
Satellites make a load of difference to bridge safety

Advanced Navigation Releases Interface and Logging Unit

Raytheon delivers hardware for next-gen USAF GPS system

Russia, China Agree on Joint Exploitation of Glonass Navigation Systems

OIL AND GAS
New F-35 work for Kongsberg Defense

Australia touts industry's contribution to F-35 program

USMC F-35Bs undergoing shipboard operational tests

Airline chief casts doubt on plane hacking claim

OIL AND GAS
New options for spintronic devices

Cheap radio frequency antenna printed with graphene ink

The next step in DNA computing: GPS mapping

Computing at the speed of light

OIL AND GAS
In the Field: SMAP Gathers Soil Data in Australia

Mischief makers prompt Google to halt public map edits

Space technology identifies vulnerable regions in West Africa

Breaking waves perturb Earth's magnetic field

OIL AND GAS
Greenpeace India vows to win 'malicious' funds battle

Wetlands continue to reduce nitrates

Bacteria the newest tool in detecting environmental damage

Mining pollution alters fish genetics in southwest England




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.