ENI Upgrades Mozambique Gas Estimates

Italy's ENI reported Wednesday that it has upgraded its estimates of gas finds offshore Mozambique by five trillion cubic feet to 80 trillion cubic feet after completing an appraisal campaign.

The finalizing of the appraisal process was achieved with the drilling and testing of the Mamba South 3 well, the ninth well drilled in the Area 4 exploration permit. ENI said that well results exceeded expectations, leading to the upgrade of estimates at its Mamba Complex and Coral discoveries.

Mamba South was drilled in a water depth of 5,150 feet and reached a total depth of 16,352 feet. It encountered around 700 feet of gas pay in high-quality Oligocene and Eocene reservoirs, with the discovery proving the existence of hydraulic communication with the same reservoirs of the Mamba South 1, Mamba South 2, Mamba North East 1 and Mamba North East 2 wells.

ENI is now finishing its development plans for this resource.

ENI is the operator of Area 4, with a 70-percent participating interest. Galp Energia, Kogas and ENH each hold a 10-percent stake.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  What Should Go On Your Electrical Engi... (Jul 25)
 -  AECOM to Lead Permitting for Monkey Is... (Jul 25)
 -  LyondellBasell Plans Its Largest Inves... (Jul 21)
 -  Preparing a Mechanical Engineering Res... (Jul 19)
 -  Tesoro Signs Deal with Pemex to Enter ... (Jul 19)


Most Popular Articles

From the Career Center
Jobs that may interest you
Directional Driller - South Texas
Expertise: Driller
Location: San Antonio, TX
 
Floorhand
Expertise: Floorhand / Roughneck|Roustabout
Location: Grand Junction, CO
 
Remote Paramedic w/ Clerking Experience
Expertise: Paramedic / Nurse|Rig File Clerk|Safety Officer
Location: GOM, TX
 
search for more jobs

Brent Crude Oil : $50.97/BBL 1.53%
Light Crude Oil : $48.75/BBL 1.79%
Natural Gas : $2.92/MMBtu 0.68%
Updated in last 24 hours