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NATURAL RESOURCES

Eni’s first offshore exploration well in Abu Dhabi results in another significant gas discovery

San Donato Milanese (Milan), 29 July 2022 – Eni announces yet another significant gas discovery of 1-1.5 trillion cubic feet (TCF) of raw gas in place, in a deeper zone, in its first exploration well drilled in Offshore Block 2 Abu Dhabi, United Arab Emirates (UAE).

This discovery follows the initial finding in a shallower zone of the same well, aggregating to a total gas in place of 2.5 - 3.5 TCF.

The gas-bearing reservoirs were tested with excellent flow rates, and fast-track development options are currently under evaluation.

Eni has a 70% stake and is Operator of Block 2, with partner PTTEP that holds the remaining 30%.

Eni has been present in Abu Dhabi since 2018. The company is the operator of 3 exploration concessions and has a participation with ADNOC in 3 offshore development and production concessions, Lower Zakum (5%), Umm Shaif and Nasr (10%) and Ghasha (25%).

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