Eni Successfully Appraises Agulha Discovery In Mozambique

Article title
Eni completes appraisal of its Agulha discovery in Mozambique as the company presses ahead with exploration of its rich Area 4 acreage in the country.

Reuters

MILAN, May 22 (Reuters) - Eni said on Thursday it had successfully completed appraisal of its Agulha discovery in Mozambique as the Italian oil and gas group presses ahead with exploration of its rich Area 4 acreage in the country.

In a statement, Eni said the Agulha 2 well, the twelfth well successfully drilled in Area 4, confirmed the southern extension of the field.

State-controlled Eni holds a 50 percent stake in the gas-rich Area 4 field, its biggest ever gas discovery.

Area 4 contains reserves of around 85 trillion cubic feet (tcf) and is part of the wider Rovuma basin that holds more than 150 tcf.

"Eni is considering further exploration drilling in the southern part of Area 4 after Agulha 2," the company said.

(Reporting by Stephen Jewkes; editing by Oleg Vukmanovic)

Copyright 2016 Thomson Reuters. Click for Restrictions.

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