Eni has made an important oil and gas discovery in the Nene Marine exploration prospect located in the Marine XII Block offshore Congo. The company estimates the volume of the discovery proved with the 2 wells so far drilled at around 600 mb of oil and 700 bcf (20 bcm) of gas in place. The structure has considerable additional upside that will be evaluated with further delineation wells. During production tests both the wells flowed at a commercial rates oil at 37° API gravity.
Eni, through its owned subsidiary Eni Congo S.A., is the operator of Marine XII block with a 65% stake. Other partners are New Age with a 25% stake and state Company SNPC (Societé Nationale des Pétroles du Congo) with 10% stake.
Eni has been present in Congo since 1968 and today has an equity production of 110,000 bbl/d in the country. Eni has been present in Sub-Saharan Africa since the 1960s and currently participates in exploration and production projects in Angola, Congo, Ghana, Gabon, Mozambique, Nigeria, Democratic Republic of Congo, Togo, Kenya and Liberia. Eni’s current operated production in the region is approximately 450,000 boe/d.