ENI Hits Offshore Congo

Eni has drilled the Awa Marine - 1 well offshore of Congo at a water depth of more than 2,730 meters. The well was drilled using Saipem's semisubmersible Scarabeo 3.

The well that was completed in 30 days only encountered a column entirely of oil of about 170 meters. During production tests, oil flowed at a rate of 3,800 barrels per day with a density of 32 degrees API. A second well is being planned that will be drilled to enable a more in-depth evaluation of the discovery. The field production will be transported through the infrastructures already existing at the Djeno terminal, near the new field.

"We are very pleased of the positive result of this discovery said Mr. Vittorio Mincato, Chief Executive Officer of Eni that comes on top of several successes attained in Congo, where Eni has been operating since the sixties. The discovery is even more important since it has been made in an area considered mature for exploration activities. This result was made possible thanks to the Group's operative synergies and to Eni's excellent advanced technologies.

Eni, through its subsidiary Agip Congo S. A., is the operator of the block with a 72% stake. The other partners are the South African Oil Company Sasol and Societé Nationale des Pétroles du Congo. Eni's production in Congo is about 75,000 barrels of oil per day mainly from the Kitina, Foukanda, Mwafi, Loango and Zatchi fields where Eni is the operator of all the concessions.