Italy's Eni discovers huge gas in Nigeria - to deliver more than 100 million standard cubic feet per day

Eni worker on oil field (Eni)
  • The new well has reservoir estimated to hold about 1 trillion cubic feet of gas and 60 million barrels of condensate.
  • To begin production immediately.
  • Nigeria has the largest gas reserves in Africa.

Italy’s Eni has made a significant natural gas find in the Niger Delta, with the reservoir estimated to hold about 1 trillion cubic feet of gas and 60 million barrels of associated condensate, the company said.

The well can deliver more than 100 million standard cubic feet/day of gas and 3,000 barrels/day of associated condensates, and will be immediately put on-stream to increase (Nigerian Agip Oil Company) NAOC’s gas production.

The oil firm said production can begin immediately.

The well, location Obiafu-41 Deep well is Nigeria's Oil Mining Lease (OML) 61 bloc, has reached a total depth of 4.374 m encountering an important gas and condensate accumulation within the deltaic sequence of Oligocene age comprising more than 130m of high-quality hydrocarbon-bearing sands.

The discovery is part of a drilling campaign planned by NAOC JV and aimed at exploring near-field and deep pool opportunities as an immediate time to market opportunities,” Eni said in a statement.

What this means for Nigeria

The new find will increase Nigeria's gas reserves to 203 trillion cubic feet, increasing the stride of the West African nation as the largest gas reserves in Africa.

The Obiafu-Obrikom fields, in OML61, onshore Niger Delta is jointly owned by Eni, through its affiliate Nigerian Agip Oil Company (Eni 20%, operator, NNPC 60%, Oando 20%).

But despite largest reserves, only about 25% of those reserves are being produced or are under development, S&P Global Platts quoted Shell in a report.

Our newsletter gives you access to a curated selection of the most important stories daily.

Welcome to the Pulse Community! We will now be sending you a daily newsletter on news, entertainment and more. Also join us across all of our other channels - we love to be connected!

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

Africa’s richest man Aliko Dangote poised to overtake another Russian billionaire Vladimir Lisin on Bloomberg billionaires list

Africa’s richest man Aliko Dangote poised to overtake another Russian billionaire Vladimir Lisin on Bloomberg billionaires list

Pulse Influencer Awards 2022 is Live!

Dance

Mzee Kibor's will made public, revealing how vast wealth and millions will be distributed

Mzee Kibor's will made public, revealing how vast wealth and millions will be distributed

Ini Edo posts new photos amid reports of welcoming a baby through surrogacy

Ini Edo posts new photos amid reports of welcoming a baby through surrogacy

Mathias Pogba brands Paul Pogba 'a so-called Muslim steeped in witchcraft' amid fetish claims about Kylian Mbappe

Mathias Pogba brands Paul Pogba 'a so-called Muslim steeped in witchcraft' amid fetish claims about Kylian Mbappe

Referee behind chaos at AFCON was rushed to hospital after match

Referee behind chaos at AFCON was rushed to hospital after match

Ne-Yo speaks out after wife Crystal announced end of their 8-year marriage

Ne-Yo speaks out after wife Crystal announced end of their 8-year marriage

Eddie Butita speaks on his fallout with Miss Mandi, offers her a job

Eddie Butita speaks on his fallout with Miss Mandi, offers her a job