Elephant Field
{{Infobox oil field
| name = Elephant Field
| image =
| caption =
| location_map = Libya
| location_map_width =
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| coordinates =
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| country = Libya
| region =
| location = Murzuq Basin
| block = NC-174
| offonshore = Onshore
| operators = Eni
| partners = National Oil Corporation
Eni
Daewoo
Gazprom
| contractors =
| discovery = 1997
| start_development =
| start_production = 2004
| peak_year =
| abandonment =
| peak_of_production_oil_bbl/d =
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| peak_of_production_gas_mmcuft/d =
| peak_of_production_gas_mmscm/d =
| peak_of_production_gas_bcm/y =
| oil_production_bbl/d = 125000
| oil_production_tpy =
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| est_oil_bbl =
| est_oil_t =
| recover_oil_bbl = 700
| recover_oil_t =
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}}
The Elephant Field (also known as the El Feel Field) 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 had entered Libya in 1990 with the Korean consortium named PEDCO and carried out the initial exploration programme of geological fieldwork, 2500 km of seismic acquisition and the drilling of four wildcat wells that led to two oil discoveries in 1993–94. This initial success ensured the viability of further exploration in the area and therefore the pursuit of the Elephant Prospect. The LASMO-PEDCO exploration team had identified the Elephant feature on its extensive seismic database and negotiated with the Libyan NOC to extend the concession area to include the entire prospect. LASMO was subsequently purchased by ENI.
LASMO 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 {{convert|10000|oilbbl/d|m3/d|abbr=off}}. In 2006, Eni indicated that Elephant was producing at around {{convert|125000|oilbbl/d|m3/d|abbr=off}}, and the company was hoping to see the field reach full capacity of {{convert|150000|oilbbl/d|m3/d|abbr=off}} by 2008.[http://www.eni.it/eni/internal.do?RID=@2391yM|0?xoidcmWopk&lang=en&sessionId=22107205 Eni: Libya Overview 2007]{{Dead link|date=March 2024 |bot=InternetArchiveBot |fix-attempted=yes }}
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
In March 2015, operations at the field suffered power outages due to power supply problems.{{cite news|title=Libya’s El Feel, Wafa fields operating normally despite power outages|url=http://petroglobalnews.com/2015/03/libyas-el-feel-wafa-fields-operating-normally-despite-power-outages/|accessdate=16 March 2015|publisher=Petro Global News}}
Other Eni fields in Libya
- Bu Attifel field
- Wafa field
- Bahr Essalam field
- Bouri field
- Western Libyan Gas Project
See also
{{Portal|Libya|Energy}}
Notes
{{Reflist}}
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] {{Webarchive|url=https://web.archive.org/web/20070828122144/http://www.eni.it/eni/homeDispatcher.do?layout=la_compagnia&mnselected=la_compagnia&channelId=-1073751853&menu=false&mncommand=openById&mnparam=la_compagnia&lang=en |date=2007-08-28 }}
{{coord missing|Libya}}