Eni Finds 1B Barrels of Oil in Congo's Pre-Salt Play



Reuters

MILAN, Oct 30 (Reuters) - Italian oil and gas group Eni on Thursday said it had found around 1 billion barrels of oil equivalent in its shallow-water Marine XII block off the coast of Congo, according to a statement.

The discovery was made through the Minsala Marine 1 well drilled in 75-metre deep water, striking light oil trapped beneath a layer of salt and passing through a hydrocarbon column 420 metres thick.

Eighty percent of the discovery is crude oil.

In a statement, ENI Chief Executive Claudio Descalzi said exploration work in Congo and Gabon had already discovered about 4 billion barrels of oil equivalent in place.

(Reporting by Oleg Vukmanovic)



WHAT DO YOU THINK?


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