Eni S.P.A. (NYSE:E)
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2 Years : From Dec 2011 to Dec 2013
Eni SpA (E), Italy's largest energy company by market value, said Wednesday that it made a massive natural gas discovery offshore Mozambique with potential output of 212.5 billion cubic meters.
Eni said in a statement that it made the discovery at the Mamba North 1 prospect in Area 4, taking the potential of the Mamba complex to around 850 billion cubic meters.
Eni is the operator at Area 4, with a 70% stake, while GALP Energia SGPS (GALP.LB), Korea Gas Corp. (036460.SE) and ENH each own a 10% stake.
-By Liam Moloney, Dow Jones Newswires; +39 06 6976 6924; email@example.com