Eni Makes Oil Discovery Offshore Angola

05/14/19 04:17 AM EDT
   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)

Copyright (c) 2019 Dow Jones & Company, Inc.