Eni's fantastic African exploration performance continues in Congo
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...
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Congo’s first commercial shallow water discovery for over 10 years
A straightforward development with excellent returns