Eni Makes Oil Discovery Offshore Angola
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%.
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May 14, 2019 04:17 ET (08:17 GMT)Copyright (c) 2019 Dow Jones & Company, Inc.