Mozambique gas discoveries to 80trn cubic feet: Eni

MILAN: Italian oil and gas giant Eni said on Wednesday it had completed its appraisal of gas discoveries at its Mozambique fields, and that they contained a more-than-expected 80 trillion cubic feet.

"The well results have exceeded expectations and Eni has updated the estimate of the Mamba Complex and Coral discoveries to 80 trillion cubic feet (Tcf) of gas in place," Eni said in a statement. Eni said it is now finalising the development plans.

Eni is the operator of Area 4 field, with a 70% participating interest. The other partners of the joint venture are Galp Energia (10 percent), KOGAS (10 percent) and ENH (10 percent).