ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

ENI Eni Spa

15.032
0.096 (0.64%)
10 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Eni Spa BIT:ENI Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.096 0.64% 15.032 14.98 15.058 15.058 14.91 14.95 6,243,747 02:01:19

ENI Upgrades Hydrocarbon Estimates at Mexico's Area 1

12/12/2017 12:55pm

Dow Jones News


Eni (BIT:ENI)
Historical Stock Chart


From May 2019 to May 2024

Click Here for more Eni Charts.
   By Nathan Allen 
 

Italy's ENI SpA (ENI.MI) has upgraded its hydrocarbons-in-place estimate for the Area 1 offshore exploration block in Mexico's Campeche Bay following a successful drilling campaign, the company said Tuesday.

The company said it now believes Area 1--which comprises the Amoca and Mizton fields--holds about 2 billion barrels of oil equivalent compared with an earlier estimate of 1.4 billion barrels. Oil accounts for about 90% of Area 1's hydrocarbons, with gas making up the remaining 10%, ENI said.

ENI said it would shortly submit its development plan for the area to Mexico's national hydrocarbon authority, the CNH.

The company plans to give a final investment decision once it receives regulatory approval, and expects to start production in the first half of 2019, it said.

 

Write to Nathan Allen at nathan.allen@dowjones.com

 

(END) Dow Jones Newswires

December 12, 2017 07:40 ET (12:40 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

1 Year Eni Chart

1 Year Eni Chart

1 Month Eni Chart

1 Month Eni Chart

Your Recent History

Delayed Upgrade Clock