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)

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