Insight
Eni's fantastic African exploration performance continues in Congo
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
On 1 August 2013, Eni announced a significant oil and gas discovery, Nene' Marine, in shallow water on block Marine XII, Congo. The field is estimated to contain 600 million barrels of oil in place and 700 bcf of gas in place - with upside - making it one of the largest shallow water discoveries in West Africa in the last decade. Under our base case scenario of 150 million barrels of recoverable oil, the field is valued at US$1.0 billion (NPV10). Congo has an established oil and gas...
Table of contents
- Executive Summary
- Congo’s first commercial shallow water discovery for over 10 years
- A straightforward development with excellent returns
-
A welcome boost for the country and the partners
- Eni
- NewAge
- SNPC/Congo government
Tables and charts
This report includes the following images and tables:
- Model Field Valuations
- Nene' Marine Discovery
- Cost assumptions
What's included
This report contains:
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