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Wednesday, 1 August 2012

Eni hits additional gas offshore Mozambique


Eni the Italian oil & gas multinational has said it has discovered more gas offshore Mozambique in addition to the discoveries it had already made in the recent past.

According to a press release this morning, the company said it had made a new and important natural gas discovery offshore Mozambique.
The new discovery adds at least 282 billion cubic meters of natural gas to their discoveries. The location where this find resides on is Area 4 of the Mamba North East 2 exploration field.
This adds to the recoverable reserves already discovered of 72 trillion cubic feet of natural gas in Mozambique.

I believe there is more to come as studies previously done by the US Geological Survey, estimate there are over 400 trillion cubic feet of natural gas off shore Eastern Africa.

Lets watch and see....