By Nathan Allen

ENI SpA (ENI.MI) said Wednesday that it has found gas and condensate in the Ken Bau prospect offshore Vietnam.

Drilling results from the Ken Bau 1X well indicate significant potential for hydrocarbon accumulation in block 114, located in Vietnam's Song Hong basin, Eni said.

The well reached a depth of 3,606 meters and encountered several intervals of gas and condensate sandstone in shale rock, the company said.

Eni said it is planning a drilling campaign early next year to fully assess the discovery, which could have substantial upside.

Write to Nathan Allen at nathan.allen@dowjones.com

(END) Dow Jones Newswires

July 24, 2019 05:26 ET (09:26 GMT)

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