New oil from Libya

New oil from Libya

Bahr Essalam Phase 2 project caught an important milestone with the start of production. Located 120 km (75 mi) northwest of Tripoli, this well is held by Mellitah Oil & Gas, the joint venture between Eni and Libya’s NOC. The first oil comes only three years after the final investment decision. Two further wells are due to enter production during the next few days and others are planned to come onstream by October.
Phase 2 will complete development of the country’s largest producing gas field, increasing its production potential by 400 MMcf/d. By October, the field’s total output should reach 1.1 bcf/d.