Eni Finds Oil, Gas Offshore Congo

Eni has found oil and gas in the Nene’ Marine exploration prospect located in the Marine XII Block offshore Congo.

The company estimates the volume of the discovery proved with the 2 wells so far drilled at around 600 million barrels of oil and 700 Billion cubic feet of gas in place, the Italian firm said in a statement.

The structure has considerable additional upside that will be evaluated with further delineation wells, Eni added.

Eni, through its owned subsidiary Eni Congo, is the operator of Marine XII block with a 65% stake. Other partners are New Age with a 25% stake and state Company SNPC (Societé Nationale des Pétroles du Congo) with 10% stake.