Eni discovers oil off Congo coastline

(AGI) San Donato Milanese, Nov 5 - Eni has discovered a new gasand condensate field off the coast of Congo, in the drillingdistrict of Nkala Marine, situated in Block Marine XII,approximately 20 kilometres from the coast and 3 kilometresfrom the Nene Marine production area. The discovery was madethrough the Nkala Marine 1 well, and offers a potential of250-300 million barrels of oil equivalent on site. During theproduction trial, the well generated over 300,000 cubic metresof gas per day, with condensate. The drilling, at a sea depthof 38 metres, found the yield

(AGI) San Donato Milanese, Nov 5 - Eni has discovered a new gasand condensate field off the coast of Congo, in the drillingdistrict of Nkala Marine, situated in Block Marine XII,approximately 20 kilometres from the coast and 3 kilometresfrom the Nene Marine production area. The discovery was madethrough the Nkala Marine 1 well, and offers a potential of250-300 million barrels of oil equivalent on site. During theproduction trial, the well generated over 300,000 cubic metresof gas per day, with condensate. The drilling, at a sea depthof 38 metres, found the yield in the pre-saline clasticgeological sequence of the inferior Cretacic Age, through a240-metre column of hydrocarbons. Eni will commence theassessment phase in Nkala Marine, through new contouring wells.Together with its partners, Eni will also embark on acommercial development research programme in the Marine XIIdistrict. A corporate communique announced that pre-saltsequence exploration is still making new discoveries along theWest Africa rim, thus confirming the effectiveness of Eni'sexploration technologies on geologically complex areas. Eni hasestimated the onsite oil and gas resources of the pre-saltdiscoveries made in the Marine XII Block as 5.8 billion barrelsof oil equivalent (bboe). Production in the Block, which beganin last December, is growing and currently stands at around15,000 bboe per day. Through its Eni Congo branch, the companyis the operator of the Marine XII BLock with a 65 percentshare. The other partners are New Age with a 25 percent share,and the Congolese state-owned company Societe Nationale desPetroles du Congo (SNPC) holding 10 percent. Eni has beenworking in Congo since 1968, producing currently about 110,000bboe per day. In the sub-Saharan Africa since the 60s, thecompany also works in Angola, Congo, Ghana, Gabon, Mozambique,Nigeria, Kenya, Liberia, Ivory Coast and South Africa -amounting to some 450,000 bboe. The whole area boasts organicgrowth, due to the numerous effective exploration projects.(AGI).