Elephant field

Infobox Oil field
name = Elephant
country = Libya
coordinates =
locblock = Murzuq Basin (Block NC-174)
offonshore = Onshore
operators = flagicon|ItalyEni-Agip
partners = flagicon|LibyaNational Oil Company flagicon|South KoreaDaewoo


caption =
discovery = 1997
startofproduction = 2004
peakofproduction =
expectedabandonment = NA
currentproductionoil = convert|125000|oilbbl/d|m3/d|abbr=on
currentproductiongas =
estimatedstoiipoil = convert|150000|oilbbl/d|m3/d|abbr=on
estimatedstoiipgas = NA
producingformations = NA

The Elephant field (also known as the El Feel) is an oil field located in onshore in Libya's Murzuq Basin.

History

In October 1997, an international consortium led by British company Lasmo, along with Eni (33%) and a group of five South Korean companies, announced that it had discovered large recoverable crude reserves (around 700 million barrels) at the NC-174 Block, which is located in the southwestern Libyan desert about 465 miles (800 km) south of Tripoli, Libya. Other participants in the block included Agip Nord Africa B.V. and a consortium of Korean companies, which included the Daesung Group, Daewoo International Corp., Hyundai Corporation, Korea Petroleum Development Corp., and the Majuko Group. Lasmo (the fomer operator), which was purchased by Eni in January 2001, estimated that production from the field would cost around $1 per barrel. Development costs were estimated to be $500 million. ["Bids in on Elephant field": In the "Middle East Economic Digest", v. 45, no. 41, October 12, 2001 p. 10.]

Elephant began production in February 2004 at around 10,000 bpd. In 2006, Eni indicated that Elephant was producing at around convert|125000|oilbbl/d|m3/d|abbr=on, and the company was hoping to see the field reach full capacity of convert|150000|oilbbl/d|m3/d|abbr=on by 2008. In 2006 the field yielded 124 kbbl/d (24 net to Eni). [ [http://www.eni.it/eni/internal.do?RID=@2391yM|0?xoidcmWopk&lang=en&sessionId=22107205 Eni: Libya Overview 2007] ]

The Operator of the Elephant Field is Agip Oil Company Limited, a company equally owned by NOC and Eni. ["Eni: production start up from Elephant, an important oil field in Libya", San Donato Milanese, February 13 th 2004]

Other Eni Fields in Libya

*Bu Attifel field
*Wafa field
*Bahr Essalam field
*Bouri field
*Western Libyan Gas Project

Notes

See also

* List of oil fields

References

*Baird, D.W., "Geohistory and petroleum in the central Sirt Basin", in "The geology of Sirt Basin": p. 3-56.

External links

* [http://www.eni.it/eni/homeDispatcher.do?layout=la_compagnia&mnselected=la_compagnia&channelId=-1073751853&menu=false&mncommand=openById&mnparam=la_compagnia&lang=en Eni Website]