28 March 2024
New giant gas discovery cheers Eni after tough fourth quarter
Publication date: 15 February 2012
Gas Strategies Group
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ISSN: 0964-8496
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Italy’s Eni on Wednesday announced a new discovery in Mozambique’s Offshore Area 4. The find, at the Mamba North 1 prospect, could hold 7.5 Tcf of gas in place, bringing the total in the Mamba Complex to 30 Tcf. Eni also reported a tough fourth quarter and full year for its Gas & Power business, and said the potential for recovery “looks poor”.