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Eni discovers gas and oil accumulation offshore Congo

14th February 2014

Eni has discovered a considerable wet gas and light oil accumulation in the Marine XII Block offshore Congo, through its exploration well, Nene Marine 3

Eni discovers wet gas and light oil accumulation in the Marine XII Block offshore Congo

Eni S.p.A., an Italian oil and gas company, has discovered a considerable wet gas and light oil accumulation in the Marine XII Block located approximately 17 kilometers offshore Congo, through its exploration well, Nene Marine 3.

The drill entered a water depth of 28 meters and, based on the results of the well, Eni has estimated that the discovery of Nene Marine field contains about 1.2 billion barrels of oil and 30 billion cubic meters of gas in place.

The total potential of the Nene Marine and of its neighboring Litchjendilj Marine fields is estimated to be about 2.5 billion barrels of oil equivalent (BBOE) in place.

The block also has a significant additional exploration, which will be determined by the next exploratory and delineation campaign.

Eni maintains 65 per cent of the Marine XII Block, while their partner New Age has 25 per cent and the national company SNPC (Société Nationale des Pétroles du Congo) holds 10 per cent. 

The company’s studies will certify a rapid commercial development of these significant hydrocarbon reserves with the aim of launching a first oil production from 2016.

Eni has been in the Congo since 1968 and currently has an equity production of about 105,000 barrels of oil per day in the country.

The company has been present in Sub-Saharan Africa since the 1960s and currently participates in exploration and production projects in Angola, Congo, Ghana, Gabon, Mozambique, Nigeria, Democratic Republic of Congo, Kenya and Liberia.

Eni’s current operated production in the region is about 450,000 barrels of oil equivalent (BOE) per day.

 

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