Eni Makes Oil Discovery Offshore Angola
May 14 2019 - 4:32AM
Dow Jones News
By Cristina Roca
ENI SpA (ENI.MI) said Tuesday that it has made a new light-oil
discovery on the Ndungu exploration prospect in Block 15/06 deep
offshore Angola.
The Italian energy company said the discovery is estimated to
contain up to 250 million barrels of light oil with further
upside.
Block 15/06 is a joint venture between Eni, which is the
operator, Angola's Sonangol P&P and SSI Fifteen Limited. Eni
and and Sonangol each hold 36.8421% of the JV, and SSI holds the
remaining 26.3158%.
Write to Cristina Roca at cristina.roca@dowjones.com
(END) Dow Jones Newswires
May 14, 2019 04:17 ET (08:17 GMT)
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