Eni Finds More Gas Offshore Mozambique

Eni has found more gas in Area 4 at Agulha exploration prospect, offshore Mozambique.

Preliminary estimates show that the Agulha structure could contain 5 to 7 Trillion cubic feet of gas in place.

Agulha well is the tenth well drilled back to back in Area 4, where exploration has achieved a 100% rate of success, Eni said.

Eni believes that the discovery opens a new exploration play in the southern part of Area 4 where the drilling of three additional wells is expected in 2014.

The Italian firm is the operator of Area 4 with a 50% indirect interest owned through Eni East Africa, which holds 70% of Area 4.