Eni reported on March 7 a major find with its Calao discovery offshore Côte d’Ivoire, calling it the second largest in the country.
The Murene 1X exploration well in the Calao discovery, located in Block CI-205 in 2,200 m water depth, was drilled to 5,000 m and encountered light oil, gas and condensates in intervals of Cenomanian age characterized by good to excellent permeability values, Eni said. Preliminary assessments indicate potential resources ranging between 1 Bboe and 1.5 Bboe, Eni said.
Eni also made the largest discovery in the country with its Baleine Field in Block CI-101 in September 2021. That field started producing in August 2023. Baleine, which is French for whale, was initially estimated to hold over 2 Bbbl of oil and 2.4 Tcf of associated gas, but a follow-up discovery in 2022 increased the estimate up to 2.5 Bbbl and 3.3 Tcf of associated gas.
Eni operates both blocks in partnership with Petroci Holding.
Recommended Reading
Baker Hughes Awarded Saudi Pipeline Technology Contract
2024-04-23 - Baker Hughes will supply centrifugal compressors for Saudi Arabia’s new pipeline system, which aims to increase gas distribution across the kingdom and reduce carbon emissions
ProPetro Reports Material Weakness in Financial Reporting Controls
2024-03-14 - ProPetro identified a material weakness in internal controls over financial reporting, the oilfield services firm said in a filing.
Equitrans Midstream Announces Quarterly Dividends
2024-04-23 - Equitrans' dividends will be paid on May 15 to all applicable ETRN shareholders of record at the close of business on May 7.
PrairieSky Adds $6.4MM in Mannville Royalty Interests, Reduces Debt
2024-04-23 - PrairieSky Royalty said the acquisition was funded with excess earnings from the CA$83 million (US$60.75 million) generated from operations.
EQT Declares Quarterly Dividend
2024-04-18 - EQT Corp.’s dividend is payable June 1 to shareholders of record by May 8.