Italy-based oil and gas company Eni has made a new gas discovery at its Coral-1 exploration prospect in Area 4 off Mozambique.
The well, located 65km off the Capo Delgado coast, lies around 26km south-east of Eni’s Mamba South-1 discovery.
Go deeper with GlobalData
Drilled to a total depth of 4,869m in a water depth of 2,261m, Coral-1 encountered 75m of gas pay in single high-quality Eocene sand.
Eni said it estimates the Coral prospect discovery to contain between seven trillion and ten trillion cubic feet (tcf) of gas in place.
With these new results at Coral-1, the Italian firm estimates the resources at between 15 and 20 tcf of gas in place.
The company said the new discovery further increases the total potential of the Mamba complex discovered so far in Area 4 Offshore Rovuma, which is now estimated to hold between 47 and 52 tcf of gas.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThis discovery is particularly significant, since it confirms a new exploration play, which is independent of those drilled so far in previous Mamba wells, Eni said.
Eni plans to run a production test on the Coral-1 discovery, with at least another five wells scheduled to fully establish the resource potential of Area 4.
Eni operates Area 4 with a 70% participating interest, along with partners Galp Energia (ten percent), Kogas (ten percent) and ENH (ten percent, carried through the exploration phase).
