Italian integrated energy company Eni has announced a gas and condensate discovery in the Culzean prospect in the UK Central North Sea. The Culzean exploration well has been completed, confirming the presence of hydrocarbons.
The Culzean discovery is located in Block 22/25a (License P111) at a water depth of some 92m and is located approximately 30km north of the existing Elgin-Franklin Field, operated by Total and with Eni UK participating with a 21.87% equity share.
The joint venture formed by Eni UK (16.95%), Maersk Oil (65.99%, operator) and Nippon Oil (17.06%) is currently evaluating the well results and future activities aimed at the full assessment of the potential of the discovery and possible development options.
Recently in the last week of January 2009, Eni said that it has sanctioned two new development projects named Longhorn Phase II and Appaloosa field in the Greater Longhorn Area (US Gulf of Mexico). The Greater Longhorn Area lies in the region of central Mississippi Canyon (MC), approximately 60 miles offshore Louisiana and also includes both the Eni-operated Corral Platform, previously known as Crystal Platform, and the Longhorn field currently under development.
The development of Longhorn Phase II, sanctioned by Eni in December, 2008 with total investments of $112.9 million, provides for an additional sub-sea well that will be tied in to Corral Platform. Expected peak rate will range from 30 to 50 million standard cubic feet per day, said the company.
Eni is an integrated energy company, committed to developing its activities in research, production, transport, transformation and marketing of oil and natural gas.
