Eni Announces successful results in Pakistan

Source: www.gulfoilandgas.com 6/14/2007, Location: Asia

Eni successfully continues its drilling campaign and announces new gas discoveries in Pakistan. Eniís latest success relates to the Tajjal 1 exploration well, which reached new gas within the Gambat Exploration Licence, in the Sindh Province. The Gambat Licence is managed by a Joint Venture composed of Eni (30%), OMV (35% Operator), PPL (30%) and GHPL (5%). The exploration well has been drilled south of the Sawan producing field, reaching a total depth of 3,845 m and encountering gas at different sand levels.

Eni has also recently drilled the Kadanwari 18 well, finding a gas-bearing formation at a depth of approximately 3,400 m, in a rock formation independent from the main field. The success of the Kadanwari 18 well represents an important addition of reserves to the main field, and indicates new prospects in the area. Eni (18.42%) is Operator of the Kadanwari Production lease (with Premier Kufpec Pakistan 31.58% and OGDCL 50% as partners).

The recently-drilled Latif 1 exploration well reached a total depth of 3,520 m and encountered three hydrocarbon layers. The Joint Venture is now considering further appraisal activities to delineate the extent of this discovery more accurately. This discovery is located close to the Kadanwari producing field, operated by Eni. The Joint Venture of the Latif Exploration Licence is composed of Eni (33.3%), OMV (33.4% Operator), and PPL (33.3%).

In order to strengthen and expand on its existing activities, Eni has planned to invest 170 million US dollars in Pakistan during the next 3 years, mainly on development activities and 110 million dollars for new exploration.


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