Bouri Field
| Bouri Field | |
|---|---|
 |
|
| Country | Libya |
| Location/block | Pelagian Basin Block NC41 |
| Offshore/onshore | Offshore |
| Coordinates | 33°53′N 12°37′E / 33.89°N 12.61°E |
| Operators | Eni |
| Partners | National Oil Corporation |
| Field history | |
| Discovery | 1976 |
| Start of production | 1988 |
| Peak of production | NA |
| Abandonment | NA |
| Production | |
| Current production of oil | 60,000 barrels per day (~3.0×106 t/a) |
| Producing formations | Bou Dabbous-Tertiary |
The Bouri Offshore Field is part of Block NC-41, which is located 120 kilometers (75 mi) north of the Libyan coast in the Mediterranean Sea. It was first discovered in 1976 at a depth of 8,700 feet (2,700 m) and is estimated to contain 4.5 billion barrels (720,000,000 m3) in proven recoverable crude oil reserves and 3.5 trillion cubic feet (99 km3) of associated natural gas with an annual production potential of 6 billion m³. Bouri is considered the largest producing oilfield in the Mediterranean.
In 1974, the Italian oil company Eni S.p.A signed a Production sharing agreement (PSA) awarded by the state-owned National Oil Corporation (NOC) of Libya for onshore and offshore exploration in areas near Tripoli. This is where the Bouri field was discovered offshore at a depth of 8,700 feet (2,700 m) in the Gulf of Gabes by Eni's subsidiary company Agip Oil in 1976. The Bouri field is jointly operated by Agip and NOC, with production initiating from two oil platforms (DP4 and DP3) in August 1988. By the end of 1989 it was producing an average of 60 million barrels per day (9,500,000 m3/d). The first phase of development, costing nearly $2 billion, was completed in 1990. This was immediately followed by commencement of a second development phase which entailed the drilling of 55 new wells and construction of three additional platforms.
In 1995, the Bouri field was producing nearly 150,000 bbl/d (24,000 m3/d), followed by a sharp decline to 60,000 bbl/d (9,500 m3/d) in 1998. This decline was largely a result of the country's inability to import enhanced oil recovery (EOR) equipment under United Nations sanctions, specifically Security Council Resolution 883 of November 11, 1993, which banned Libya from importing refinery equipment. The situation has improved since the UN Security Council officially lifted sanctions against Libya during September 2003 and foreign investment is expected in the future. In 2006, Eni reported that the Bouri field was producing about 55 kbboe per day.
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