ENI makes new oil and gas discovery in Barents Sea

125-140 mn barrels in place, Italian giant says

(ANSA) - Rome, My 2 - 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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