More wells to be drilled to confirm Togo's offshore oil reservesBy XINHUA | Monday, June 11 2012 at 14:12
The Italian oil group ENI will confirm in the next three months the volume and quality of Togo's offshore oil reserves, the group has said.
At the moment, ENI has indicated that at the end of the exploration stage and the study on the environmental impact of the project, traces of petroleum were discovered.
The company will have to drill two more wells in two blocks to ascertain the commercial viability of the oil, according to a statement released on Thursday after an environmental and social impact study of the project.
In October 2010, the Italian company ENI obtained an exploration licence for blocks 1 and 2 which are situated in the zone commonly known as "Bassin du Dahomey."
The exploration contract was signed by ENI's chief executive Paolo Scaroni and the Togolese Mines and Energy Minister Noupokou Dammipi.
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