Italy’s Eni last week said it expects its 2013 oil and gas output to decline, after third quarter production dropped by 4% to 1.65mn barrels a day of oil equivalent (boe/d) on disruptions in Libya and Nigeria. Eni’s key Libyan oil fields are Elephant (Feel) in the southwest and the Bouri offshore field. It is presently forgoing more than 120,000 b/d in lost crude output, according to its chief operating officer for exploration and production, Claudio Descalzi.
Mr Descalzi expects current production in Libya of around 135,000 b/d to remain in place for the coming two quarters, down from the company’s maximum output of 280,000 b/d. Gas production has been less affected with exports to Italy via the Greenstream pipeline – currently 330 mn cfd – and supplies of around 250mn cfd to the domestic market continuing. (CONTINUED - 1043 WORDS)