Eni reports giant gas find off Venezuela

Operator Cardón IV S.A., a joint operating company formed by Eni and Repsol, has made a giant gas discovery with the Perla 1X well, offshore Venezuela.

Offshore staff

MILAN -- Operator Cardón IV S.A., a joint operating company formed by Eni and Repsol, has made a giant gas discovery with the Perla 1X well, offshore Venezuela. The well encountered a 240-m (775-ft) hydrocarbon column.

According to the company, Perla is the largest gas discovery in Venezuela. The field has a reserve potential higher than the 6 tcf (1 Bboe) previously estimated.

During production testing, the well produced high quality gas with a capacity of 600,000 cu m/d (approximately 3,700 boe/d) and 500 b/d of condensate. Normalized gas production per well is expected to increase to over 1 MMcm/d (6,000 boe/d).

Cardón IV S.A. is planning more appraisal wells to further define the field and is assessing development options.

10/16/2009

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