ENI APPRAISES MOZAMBIQUE
A group led by Eni SPA has successfully executed the appraisal campaign for the Agulha discover in Area 4 offshore Mozambique, Eni reported.
The Agulha 2 well, which is the twelfth well drilled in Area 4, proved a 25-m gas column in good quality Paleocene reservoir sandstones and confirmed the southern extension of the field.
The delineation was carried out through the Agulha 2 well, which was drilled in 2,603 m of water and reached a total depth of 5,645 m. The well is in the southern part of Area 4 about 12 km south of the Agulha 1 discovery well and 80 km off Cabo Delgado.
Eni is considering further exploration drilling in the southern part of Area 4 after Agulha 2.
Total resources discovered in Area 4 are estimated at 85 tcf of gas in place.
Eni is the operator of Area 4 with 50% indirect interest owned through Eni East Africa, which holds 70% of Area 4. Other partners, each with 10% interest, are GalpEnergia, Korea Gas Corp., and Mozambique's state ENH carried through the exploration phase. China National Petroleum Corp. owns 20% indirect participation in Area 4 through Eni East Africa.
|May, 23, 10:50:00|
|May, 23, 10:45:00|
|May, 23, 10:40:00|
|May, 23, 10:35:00|
|May, 23, 10:30:00|
|May, 23, 10:25:00|
WNN - "We met today to confirm the continuing commitment of the European Commission and the Atomic Energy Organisation of Iran towards the implementation of the Joint Comprehensive Plan of Action, and in particular its Annex III which addresses civil nuclear cooperation," Cañete and Ali Akhbar Salehi, president of the AEOI, said in a joint statement on 19 May. "We believe that the continuing implementation of the JCPOA, which was unanimously endorsed by UN Security Council Resolution 2231, is crucial for the development and progress of the region as well as the global peace and security."
BLOOMBERG - Natural gas will probably emerge as the main fossil fuel “winner” as it balances renewables in power generation and is used as a substitute for oil in petrochemicals. Long-term gas demand is set to increase by 15 percent, or by 750 billion cubic meters, compared to business as usual,
WNN - The United States, Canada, and Japan are launching the Nuclear Innovation: Clean Energy (NICE) Future Initiative. This global effort will make sure nuclear has a seat at the table during discussions about innovation and advanced clean energy systems of the future.
AOG - The agreement between ADNOC and ISPRL, which was initiated in January 2017 during a visit to India by a high-ranking UAE delegation, led by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, covers the storage of 5.86 million barrels of ADNOC crude oil in underground facilities, at the Karnataka facility. The first shipment, of approximately two million barrels of crude oil, will be followed by further shipments after India’s annual monsoon season.