ENI Discovers 6 TCF of Gas in Mozambique

MILAN – ENI Spa said Wednesday it has discovered new gas resources amounting to an additional 170 billion cubic meters, or 6 trillion cubic feet, of gas in Mozambique.

The company said the discovery was made in Mamba South 2 and Coral 2 delineation wells. The full potential of the Mamba complex in Area 4 is estimated at 2,115 billion cubic meters or 75 trillion cubic feet, of gas in place, ENI said.

Eni said it plans to drill at least two further delineation wells, Coral 3 and Mamba South 3, in order to assess the full potential of the Mamba Complex discoveries.

It added that it is the operator of Area 4 with a 70% participating interest. The other partners of the joint venture are Galp Energia, KOGAS and ENH, each holding 10%.


Copyright (c) 2012 Dow Jones & Company, Inc.


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