Eni group has wet gas find on Mozambique Area 4

A group led by Eni has made a discovery in the southern part of Area 4 offshore Mozambique that early estimates indicate could contain 5-7 tcf of gas in place.

The group is planning an appraisal strategy for the Agulha structure, on which it drilled the discovery well to a total depth of 6,203 m in 2,492 m of water 80 km off Cape Delgado and encountered 160 m of wet gas pay in good quality Paleocene and Cretaceous reservoirs.

The group will drill three more wells in 2014 in the southern part of Area 4.

Eni is operator of Area 4 with a 50% indirect interest in Eni East Africa, which holds 70% of Area 4. Other partners with 10% each are Galp Energia, Korea Gas Corp., and Mozambique’s state ENH carried through the exploration phase. China National Petroleum Co. owns a 20% indirect participation in Area 4 through Eni East Africa.

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