Drilling Commenced at Eni's Guendalina Gas Field

Mediterranean Oil&Gas, a partner on the Guendalina field, announced that development drilling has begun using the GSF Key Manhattan jackup. Eni estimates that the drilling campaign will be completed by the end of July 2011.

Additionally, construction of the platform deck is progressing and installation is forecasted to occur immediately after the completion of the development drilling phase. Mediterranean O&G said field development is making progress and first gas is forecasted in September 2011.

The Guendalina gas field is located 29 miles (47 kilometers) off the northeast coast of Italy in 138 feet (42 meters) of water. The Italian state-owned company Eni operates Guendalina with 80% interest in the field, and Mediterranean Oil & Gas holds the remaining 20% interest.  

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