BAKU, Azerbaijan, July 30
By Leman Zeynalova – Trend:
In the second quarter of 2021, oil and natural gas production by Italian Eni averaged 1.597 million boe/d (1.650 million boe/d in the first half, down by 6 percent), down by 8 percent compared to the second quarter of 2020, Trend reports with reference to Eni.
Net of negative price effects, the decrease was 5 percent (down by 6 percent in the first half) and was driven by higher maintenance activity in Norway, Italy and the United Kingdom, which was postponed in the second quarter of 2020, lower activity in Nigeria and mature field declines.
On the positive side, production was supported by the increased in Egypt driven by the performance of the Zohr field, global gas demand recovery and the restart of the Damietta liquefaction plant as well as the Merakes start-up in Indonesia.
Natural gas production amounted to 4,339 mmcf/d in the period, down by 7 percent compared to the second quarter of 2020 (4,531 mmcf/d in the first half, down by 4 percent). Lower production was due to higher maintenance activity, mature field declines and a decrease in Nigeria. These negatives were partly offset by a robust recovery of natural gas demand in certain areas (mainly in Egypt) and the start-up of Merakes in Indonesia.
Liquids production was 779 kbbl/d, down by 9 percent from the second quarter 2020 (797 kbbl/d in the first half, down by 9 percent compared to the same period of 2020) due to higher maintenance activity, price effects, a decrease in Nigeria and mature field declines, partly offset by continuing growth in Egypt.
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