Eni Makes 300M Barrel Oil Discovery In Ecuador

Reuters

MILAN, Sept 18 (Reuters) – Italian oil and gas group Eni said on Thursday it had made an important oil discovery in Ecuador with an estimated 300 million barrels of crude in place.

The discovery was at the Oglan-2 exploration well located in Block 10, approximately 260 kilometers southeast of Quito, Eni said in a statement.

"The data acquired in the Oglan well indicate a production capacity per well up to 2,000 barrels of oil per day," Eni said.

(Reporting by Stephen Jewkes; editing by Oleg Vukmanovic)

Copyright 2016 Thomson Reuters. Click for Restrictions.

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