ENI increases Mozambique estimates

April 24, 2013

Mamba South 3 was drilled in water depth of 1,571 meters and reached a total depth of 4,948 meters.

The well is located approximately 6 kilometers North of Mamba South 1, 12  kilometers north west of Mamba South 2 and approximately 50 kilometers off the Cabo Delgado coast.

The well encountered 214 meters of gas pay in high quality Oligocene and  Eocene  reservoirs. The discovery proved the existence of hydraulic communication with the same reservoirs of Mamba South 1 and Mamba South 2, Mamba North East 1 and Mamba North East 2 wells.

Eni is now finalizing the development plans of this huge resource base. 

The plan is now to drill an exploration prospect (Agulha 1) in the southern part of Area 4, in order to assess the hydrocarbon potential of untested deeper plays in Area 4.

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).



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