Eni makes natural gas discovery offshore Mozambique

2/25/2013

Eni makes natural gas discovery offshore Mozambique

BY GIOVANNI LEGORANO

MILAN -- Eni said it has made a natural gas discovery offshore Mozambique. The company said the discovery, within the Mamba Complex, in Area 4, at the Coral 3 delineation well, confirms the potential of Area 4 at 75 Tcf of gas in place.

Eni added it plans to drill another delineation well, Mamba South 3, to assess the full potential of the Mamba Complex discoveries, before moving back to exploration drilling in the southern sector of Area 4.

The company operates Area 4 with a 70% participating interest. The other partners of the joint venture are Galp Energia, KOGAS and ENH, all of which have a 10% stake.

Dow Jones Newswires

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