A Review of the Nigerian Energy Industry

Eni makes discovery in Congo

Marine XII block offshore Congo13 February 2014 – Rome-based major Eni has made a wet gas and light oil discovery in the Marine XII block offshore Congo.
The well flowed more than 5000 barrels of oil per day during production testing.

Eni estimated the Nene Marine field where the well is located, contains 1.2 billion barrels of oil and 30 billion cubic meters of gas in place.

The Nene Marine-3 well encountered the oil and gas in a pre-salt clastic sequence.

Eni said the block an upside potential which would be tested in the next exploration and delineation programme.

First production from the block is expected in 2016, with front-end engineering and design underway for the project.

Eni’s work in the block is part of an aggressive Africa campaign which will see the major invest $3.5 billion in its African business by 2016.
*Bianca Bartucciotto – Upstreamonline

The company produces about 105,000 barrels of oil in the Republic of Congo.

The company holds 65% interest in the block with joint venture partner New Age holding 25% and Societe Nationale des Petroles du Congo holding 10%.

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