ENI Completes Second Kashagan Well

The production tests carried out in the Kashagan West 1 well, drilled in the Kashagan structure in the Kazakh offshore of the North Caspian Sea, have been completed. Such tests confirm the importance of the discovery of this oil field which ranks among the world's largest ones, with recoverable reserves not lower than 10 billion barrels of oil.

Eni, which through its affiliate AGIP Caspian Sea B.V. is the operator of Offshore Kazakhstan International Operating Company (OKIOC), announces that this second well, drilled 40 km to the west of discovery well Kashagan East 1, has found, at such a significant distance, the same producting strata encountered by the first well.

This is a confirmation of the Kashagan field's consistency, already highlighted by the interpretation of the seismic data. Moreover, this excellent correspondence between seismic data and test results is encouraging for the three other structures identified in the area, which will be drilled later on, to be oil-bearing.

On the basis of the production tests performed to date, well producibility is estimated to range beween 5,000 and 20,000 bbls/d of oil. Oil gravity is between 42° and 45° API degrees.

In addition to ENI, OKIOC is made up of eight other major international oil companies: Exxon-Mobil, Shell, BP plc, TotalFinaElf, British Gas, Statoil, Inpex and Phillips Petroleum.

The 11 blocks in which the Consortium operates cover a total area of 5,500 sqkm, with a maximum water deph of 10 m.