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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.
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LASMO estimated that production from the field would cost around $ 1 per barrel. Development costs were estimated to be $ 500 million. Elephant began production in
February 2004 at around 10,000 barrels per day (1,600 cubic metres per day). In 2006, Eni indicated that Elephant was producing at around
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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
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125,000 barrels per day (19,900 cubic metres per day), and the company was hoping to see the field reach full capacity of 150,000 barrels per day (24,000 cubic metres per day) by 2008.
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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
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201:. Other participants in the block included Agip Nord Africa B.V. and a consortium of Korean companies, which included the Daesung Group,
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In March 2015, operations at the field suffered power outages due to power supply problems.
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360:"Libya's El Feel, Wafa fields operating normally despite power outages"
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Eni: production start up from
Elephant, an important oil field in Libya
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Oil
Company Limited, a company equally owned by NOC and Eni.
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In
October 1997, an international consortium led by
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386:Geohistory and petroleum in the central Sirt Basin
209:, Korea Petroleum Development Corp., and the
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349:, San Donato Milanese, February 13 th 2004
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197:about 465 miles (800 km) south of
224:The operator of the Elephant Field is
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119:125,000 barrels per day (~6.23
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324:Middle East Economic Digest
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259:Western Libyan Gas Project
189:(33%) and a group of five
390:The geology of Sirt Basin
320:Bids in on Elephant field
235:Other Eni fields in Libya
137:700 million barrels (~9.5
116:Current production of oil
336:Eni: Libya Overview 2007
72:National Oil Corporation
165:located in onshore in
205:International Corp.,
427:Oil fields of Libya
362:. Petro Global News
207:Hyundai Corporation
157:(also known as the
103:Start of production
408:2007-08-28 at the
301:List of oil fields
249:Bahr Essalam field
169:'s Murzuq Basin.
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191:South Korean
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37:Murzuq Basin
403:Eni Website
254:Bouri field
421:Categories
379:References
245:Wafa field
129: t/a)
111:Production
322:: In the
163:oil field
95:Discovery
58:Operators
406:Archived
366:16 March
265:See also
181:company
161:) is an
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68:Partners
34:Location
213:Group.
179:British
173:History
84:Gazprom
53:Onshore
24:Country
211:Majuko
203:Daewoo
80:Daewoo
45:NC-174
388:, in
307:Notes
183:LASMO
167:Libya
42:Block
28:Libya
368:2015
226:Agip
153:The
106:2004
98:1997
187:Eni
76:Eni
62:Eni
423::
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145:^
139:×
127:^
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