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)

Copyright 2017 Thomson Reuters. Click for Restrictions.

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