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ENI, the largest foreign energy company in Libya where it has been active since 1959, has resumed production in the Abu Attifel oil field 300 km to the south of Benghazi. At this stage, 15 out of the field's 39 wells, have been reactivated for a total of around 31,900 barrels per day (bpd). To fill the pipeline linking to the Zuetina terminal, more wells will have to be reactivated in the coming days.
Bu Attifel was discovered in 1967/1968 in the east of the Sirte Basin at an average depth of 4,200 m s.s.l. and produces volatile oil (41 API) from continental sandstone. For more background on the Sirte Basin, see Watching Libya March 11, 2011 , Watching Libya March 16, 2011 and Watching Libya April 6, 2011.
In 2010 ENI became the first international hydrocarbon operator to achieve a production level of 522,000 bpd (of which 273,000 for ENI) and was party to 13 mineral permits, for a total surface area of around 36,375 square kilometres (of which 18,165 for Eni). ENI's 2008 Exploration and Production Sharing Agreement (EPSA IV) with the National Oil Company (NOC) extended Eni's mineral rights in Libya to 2042 for oil production and to 2047 for gas, including extensions.
Read ENI's own official statement.
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