Eni has made a new natural gas discovery within the Mamba Complex, in Area 4, offshore Mozambique, at the Coral 3 delineation well, which is the eighth well drilled back to back in Area 4. The new discovery confirm the potential of Area 4 operated by Eni at 75 Tcf (2,125 bcm) of gas in place of which 27 Tcf (765 bcm) exclusively located in Area 4.
The discovery proved the existence of hydraulic communication with the same reservoir of Coral 1 and Coral 2 and confirms the giant size of the Coral discovery that is now estimated to contain more than13 Tcf (368 bcm) of Gas in Place wholly located in Area 4. Eni plans to drill another delineation well, Mamba South 3, in order to assess the full potential of the Mamba Complex discoveries, before moving back to exploration drilling in the southern sector of Area 4. This most recent success further strengthens the potential of Area 4 on which Eni is steadily progressing with the development plans for this huge gas reserve base.
Eni is the operator of Area 4 with a 70% participating interest. The other partners of the joint venture are Galp Energia (10%), Kogas (10%) and ENH (10%, carried through the exploration phase).