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Eni to hit pre-war Libyan production in mid 2012

Italian oil firm almost back to ‘business as usual’

Eni to hit pre-war Libyan production in mid 2012
Eni to hit pre-war Libyan production in mid 2012

Eni’s Chief Executive Paolo Scaroni says the Italian major’s Libyan production is back up to 200,000 barrels per day (bpd), and is due to return to pre-war production levels in June 2012.

Speaking to reporters at an oil and gas seminar, Scaroni said, according to a Reuters report. “Within a few weeks we have managed to almost return to pre-crisis levels. Libya for us is back to being business as usual.”

Eni pumped around 280,000 bpd in Libya before the war, more than any other foreign oil company.

Claudio Descalzi, Eni’s head of exploration and production, said the company plans to double its current Libyan output within 10 years by 2021 with an investment of $30-35 billion.

Staff Writer

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