Italian oil company Eni has discovered reserves of gas and condensates in region known as Area D in the Libyan Bouri North exploration prospect.

The discovery lies 140 kilometres from the coast and was made by drilling a well named A1-1/1.

The well was drilled at a water depth of 125 metres. During production tests, the well saw a hydrocarbon flow rate of 1,340 barrels of oil equivalent a day (boe/d).

Eni says it expects the well to produce in excess of 3,000 boe/d when the field is developed.

The latest find is the second discovery made by Eni in Area D since the beginning of 2015.

Through its subsidiary, Eni North Africa, Eni is operator of Area D and holds a 100 per cent working interest in the exploration phase.

Eni has been present in Libya since 1959 and currently produces more than 300,000 boe/d in the country.