By Giulia Petroni
Eni SpA on Monday said that it has made a significant oil-and-gas discovery through its majority-owned business Var Energi in the southern North Sea offshore Norway.
The Italian major said the discovery was made in production license PL027, in which Norwegian energy company Var Energi holds a 90% stake.
"Preliminary estimates place the size of the discovery between 220 and 360 Mboe hydrocarbon in place," it said.
Eni holds a 69.85% stake in Var Energi, while HitecVision AS owns the remaining 30.15%.
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(END) Dow Jones Newswires