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E ENI Spa

28.94
-0.51 (-1.73%)
15 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
ENI Spa NYSE:E NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.51 -1.73% 28.94 29.72 28.82 29.02 211,296 01:00:00

Eni Makes Significant Offshore Gas Discovery in Indonesia

02/10/2023 8:30am

Dow Jones News


ENI (NYSE:E)
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From Jun 2023 to Jun 2024

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By Adria Calatayud

 

Eni has made a significant natural-gas discovery in an offshore project in Indonesia, which the company said has potential to contribute to the creation of a new production hub.

The Italian energy company said Monday that preliminary estimates from the Geng North-1 exploration well in the North Ganal production sharing contract indicate a total discovered volume of 5 trillion cubic feet.

Eni operates the North Ganal block and holds a 50.22% participating interest, with Neptune Energy and Agra Energi I Pte as partners with stakes of 38.04% and 11.74%, respectively. Eni said completion of its recent deal to buy Neptune Energy will strengthen its position in the project.

 

Write to Adria Calatayud at adria.calatayud@dowjones.com

 

(END) Dow Jones Newswires

October 02, 2023 03:15 ET (07:15 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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