Eni announces significant oil discovery in Ecuador
Milan, Italy (UPI) Sep 18, 2014 - Italian energy company Eni said Thursday it made an oil discovery in Ecuador that could hold as much as 300 million barrels in place. Eni announced the discovery at the Olgan-2 exploration well. Drilling encountered a 236-foot column of crude oil and initial production tests yielded a flow rate of 1,100 barrels of oil per day. "Early estimates suggest that the Oglan discovery pot ... more
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