Luster Continues at Eni's Perla Field

Eni continues its success in the Cardon IV Block with its Perla-4 appraisal well, located in the shallow water of the Gulf of Venezuela. This well upgrades the estimate of gas in place of the Perla field to more than 16 Tcf or 2.9 billion barrels of oil equivalents. The Offshore Vigilant jackup drilled the Perla-4 well in a water depth of 60 meters, and during the production test, the well flowed 17 MMcf/d of narual gas and 560 barrels of condensate per day.

Eni and partners have finalized the FEED for an early production phase of 300 MMcf/d on natural gas, targeted for start-up in 2013. The early production phase includes the utilization of several drilled wells and the installation of four light offshore platforms linked, through a gas pipeline, to a Central Processing Facility (CPF) located onshore. The development of Perla will then continue with the full field phase which includes additional producer wells and the CPF upgrade to reach a plateau production of 1,200 MMcf/d of natural gas, stated the operator. The Perla field is located in 197 feet (60 meters) of water. Repsol, operator, holds 50%; Eni holds the remaining 50% interest.

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