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| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.116 | -0.78% | 14.708 | 14.662 | 14.80 | 14.854 | 14.656 | 14.846 | 8,546,828 | 17:00:00 |
From May 2019 to May 2024
By Cristina Roca
Italy's ENI SpA (ENI.MI) said Tuesday that it has made a significant gas and condensates discovery onshore the Niger Delta in Nigeria through its joint venture NAOC.
The find amounts to around 1 trillion cubic feet of gas and 60 million barrels of associated condensate, with further potential to be assessed with the next appraisal campaign, Eni said. The well will be immediately put on-stream, the energy company said.
NAOC is a joint venture between Eni, which holds 20% and acts as operator; Nigerian National Petroleum Corp., which holds 60% and Nigeria's OandO PLC (OANDO.LA), which owns the remaining 20%.
The discovery was made in the deeper sequences of the Obiafu-Obrikom fields in OML61.
Write to Cristina Roca at cristina.roca@dowjones.com; @_cristinaroca
(END) Dow Jones Newswires
August 27, 2019 05:43 ET (09:43 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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