Corporate Corner: Eni makes gas find
Drilled at a water depth of 1,372 metres and reached a total depth of 2,640 metres
MILAN:
Eni has made a gas finding in the Merakes exploration prospect, in the East Sepinggan Block, where the company operates with a 100% stake. The finding was made through the Merakes-1 well, which was drilled at a water depth of 1,372 metres and reached a total depth of 2,640 metres. The well encountered a significant accumulation of gas in the lower Pliocene clastic sequence. Merakes has crossed a hydrocarbon column of 60 metres in high quality sandstones. The recent finding’s potential has been preliminary estimated to be 1.3 trillion cubic feet of gas in place. The finding has further upside that will be assessed with a delineation campaign.
Published in The Express Tribune, November 8th, 2014.
Eni has made a gas finding in the Merakes exploration prospect, in the East Sepinggan Block, where the company operates with a 100% stake. The finding was made through the Merakes-1 well, which was drilled at a water depth of 1,372 metres and reached a total depth of 2,640 metres. The well encountered a significant accumulation of gas in the lower Pliocene clastic sequence. Merakes has crossed a hydrocarbon column of 60 metres in high quality sandstones. The recent finding’s potential has been preliminary estimated to be 1.3 trillion cubic feet of gas in place. The finding has further upside that will be assessed with a delineation campaign.
Published in The Express Tribune, November 8th, 2014.