Eni's Brazilian Unit, Vale Spy Gas Shows at Offshore BM-S-4 Block

Italian oil major Eni's Brazilian unit and mining company Vale have notified the National Petroleum Agency, or ANP, of natural gas shows encountered while drilling at an offshore block in Brazil's Santos Basin.

Traces of natural gas were identified at the 3ENI8RJS well, situated in the offshore block BM-S-4, and drilled by Diamond Offshore's Ocean Quest semisubmersible drilling rig. ANP data shows the well's target depth at 6,080 meters.

Eni Oil do Brasil S.A. is the operator with a 50% stake in the BM-S-4 block; Vale holds the remaining 50% interest.

Disclosures of any natural gas, oil or hydrocarbon finds must be filed with the ANP within 48 hours. However, such reports do not indicate commercial viability of the prospects.