Fuels giant ENI said Friday it had
made a new offshore oil and gas discovery in the Barents Sea off
Norway.
Italy's biggest energy group said: "in-place oil volumes
are estimated at between 125 million and 140 million barrels".
The well is located in the Johan Castberg area, part of the
PL532 license operated by Norway's Statoil (50% stake) along
with ENI Norge AS (30%) and Petoro AS (20%).
ENI has been present in Norway since 1965, currently
produces around 115,000 barrels of oil equivalent per day in
that country.
ENI, Italy's largest industrial company, has operations in
79 countries.
It is ranked 24th in Fortune 500's global list of
corporations, down from 17th in 2013.
photo: CEO Paolo Scaroni
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