Eni: Agogo-3 Well Resource Estimate Increased to 1 Billion Barrels of Oil
February 27 2020 - 5:47AM
Dow Jones News
By Carlo Martuscelli
Eni SpA said Thursday that it has raised its resource estimates
for the Agogo-3 well offshore Angola after drilling.
The Italian energy company said that it now estimates that the
well holds 1 billion barrels of oil, an increase of 40% on its
prior forecast.
Production at the well, which is located in the 15/06 Block in
Angolan water, started in January.
Write to Carlo Martuscelli at carlo.martuscelli@wsj.com;
@carlomartu
(END) Dow Jones Newswires
February 27, 2020 05:32 ET (10:32 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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