Eni successfully completes Congo oil production test

(AGI) Rome, Dec 15 - Eni has successfully completed aproduction test on the Minsala Marine 1 oil well in Congo. Thewell is in Marine XII Block offshore Congo, 35 kilometres fromthe shore and 12 kilometres from the recent Nene' Marinediscovery. It delivered a natural flow of more than 5,000barrels of oil a day and 14 million standard cubic feet of gasa day from a 37 metres section of the 420 metres oil columnwhich has been discovered. The oil quality was 41 degrees API.Eni estimates the potential of the discovery to be about

(AGI) Rome, Dec 15 - Eni has successfully completed aproduction test on the Minsala Marine 1 oil well in Congo. Thewell is in Marine XII Block offshore Congo, 35 kilometres fromthe shore and 12 kilometres from the recent Nene' Marinediscovery. It delivered a natural flow of more than 5,000barrels of oil a day and 14 million standard cubic feet of gasa day from a 37 metres section of the 420 metres oil columnwhich has been discovered. The oil quality was 41 degrees API.Eni estimates the potential of the discovery to be about 1billion barrels of oil equivalent, of which 80 percent is oil.The company is appraising the discovery and has begun studyingthe commercial development of the hydrocarbon reserves. "Theresults have exceeded expectation and enable us to plan a fastcommercial development of the important Minsala Marine find,similarly to that at Nene' Marine," said Eni CEO, ClaudioDescalzi. Over the last four year Eni has been carrying out anexploration programme in the pre-salt geological area of WestAfrica's shallow waters. It has already discovered nearly 4billion of barrels of equivalent oil between Congo and Gabon.In the Marine XII permit there have been three discoveries:Minsala Marine, Litchjendily marine and Nene' Marine. These areall close to existing infrastructure and can be brought intoproduction quickly and at competitive cost. Eni, through itssubsidiary, Eni Congo SA, is operator of Marine XII with a 65percent share. Eni has been operating in Congo since 1968 andproduces about 110,000 barrels of oil a day. Eni has beenworking in Sub Saharan Africa since the Sixties and is involvedin exploration and production projects in Angola, Congo, Ghana,Gabon, Mozambique, Nigeria, Democratic Republic of Congo, Kenyaand Liberia. Eni produces around 450,000 of oil equivalent aday in Sub-Saharan Africa. (AGI) . .