ENI makes huge gas find in Mozambique

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Italian energy company ENI said it encountered nearly 700 feet of continuous gas pay at the Mamba South discovery about 25 miles north of Mozambique. The company said the discovery could contain as much as 15 trillion cubic feet of natural gas.

ENI said the “impressive discovery” will lead to major developments in the natural gas sector in Mozambique. This includes access to regional and international markets through liquefied natural gas capacities.

The discovery was made in 5,200 feet of water.

ENI said the Mamba South discovery marks the largest operated discovery in the company’s exploration history.

The company added that its results at Mamba South exceeded initial expectations. ENI serves as the operator with a controlling interest in the area.

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Posted on October 21, 2011, in Energy, Mozambique, Natural Gas, Oil & Gas - offshore and tagged , , , , , , , , . Bookmark the permalink. 2 Comments.

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