Eni SpA (NYSE:E) has struck a major gas discovery at the Coral 1 exploration prospect offshore northern Mozambique.
The Coral 1 well − drilled to a total depth of 4869 meters in 2261 meters of water − hit 75 meters of gas pay in single high-quality Eocene sand. This prospect is located 65 kilometers off Capo Delgado in the southern part of Area 4 and 26 kilometers southeast of Eni’s Mamba South-1 find.
The Coral prospect − exclusively located in Area 4 − is estimated to hold between 7 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards