Eni makes new discovery off Congo

Eni has made a new “important  oil  discovery” in the Minsala  Marine  exploration prospect located in the Marine XII Block offshore Congo at 35 kilometers from the shoreline and 12 kilometers from the recent Nené Marine discovery.

The discovery was made through the Minsala  Marine 1 well which was drilled in  75 metres of water depth  and reached a total depth of 3,700 metres.

The well encountered a significant  accumulation of light oil in the Lower Cretaceous age pre-salt sequence, passing through a hydrocarbon  column of  420 metres. Eni preliminary estimates the potential of Minsala Marine discovery in about 1 billion barrels of oil equivalent in place, of which 80% oil.

“These discoveries are located in conventional waters near existing infrastructure and can therefore be brought into production in very competitive time to market and cost.”

Claudio Descalzi, Chief Executive of Eni, commented: “We are delighted with this important result. It has been over four years since Eni started exploring the shallow water pre-salt plays of West Africa, and this campaign continues to deliver great results. We have already discovered about 4 billion barrels of oil equivalent in place, between Congo and Gabon. In Congo, this is the third discovery to be successfully drilled in the Marine XII permit pre-salt play following the Litchjendily and Nene Marine discoveries, which are both already under development.

“These discoveries are located in conventional waters near existing infrastructure and can therefore be brought into production in very competitive time to market and cost. This result also demonstrates Eni’s strong technical competences and the effectiveness of Eni’s exploration technologies , especially given the technical complexity of exploring the West African pre-salt plays.”

According to the press release, Eni has already made plans for the appraisal of the discovery as well as started studies for the commercial development of these significant hydrocarbons reserves.

Eni through its own subsidiary Eni Congo SA is Operator of Marine XII with a 65% share stake.

Eni has been operating in Congo  since 1968  and currently produces approximately 110,000 barrels of oil per day of equity production.

Press Release

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