Uchenna Izundu
International Editor
LONDON, Sept. 24 -- Eni SPA plans to develop on a fast-track basis its offshore discoveries in the Silician Strait following test results of 170,000 cu m/day of natural gas from the Argo 2 well. The well is 20 km off Agrigento in 500 m of water.
The results confirm the adjacent Argo 1 gas discovery well drilled in 2006. Eni also found gas volumes in deeper water in Argo 2. Panda and Cassiopea fields are also nearby, and Eni plans to link them under its development plan.
In August Eni tested 190,000/d cu m of gas from the Cassiopeia 1 well in 560 m of water 22 km off Agrigentos. Cassiopeia's reserves are estimated at 16 billion cu m.
Eni said the Sicilian Strait area potential is estimated at 18 billion cu m of reserves.
Eni is operator of Argo 2 with a 60% share, and its partner Edison SPA holds the remaining 40%.
Eni said the Argo 2 discovery will increase its 200,000 boe/d equity production in Italy.
Contact Uchenna Izundu at [email protected].
