By Alberto Delclaux 
 

Eni SpA (ENI.MI) said Wednesday that its development plan for offshore discoveries in Campeche Bay was approved by Mexico's National Hydrocarbon Commission.

The discoveries are located in an area estimated to hold 2.1 billion barrels of oil equivalent, according to the Italian oil-and-gas company.

Eni said it expects to take the final investment decision during the fourth quarter of 2018.

 

Write to Alberto Delclaux at alberto.delclaux@dowjones.com

 

(END) Dow Jones Newswires

August 01, 2018 05:27 ET (09:27 GMT)

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