By Alberto Delclaux

Eni SpA (ENI.MI) said Wednesday that its development plan for offshore discoveries in Campeche Bay was approved by Mexico's National Hydrocarbon Commission.

The discoveries are located in an area estimated to hold 2.1 billion barrels of oil equivalent, according to the Italian oil-and-gas company.

Eni said it expects to take the final investment decision during the fourth quarter of 2018.

Write to Alberto Delclaux at alberto.delclaux@dowjones.com

(END) Dow Jones Newswires

August 01, 2018 05:27 ET (09:27 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
ENI (NYSE:E)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more ENI Charts.
ENI (NYSE:E)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more ENI Charts.