Italy’s Eni finds oil and gas in Arctic field

Italian energy group’s Eni (ENI.MI: Quote, Profile, Research) has discovered oil and gas at its Goliat prospect in the Norwegian sector of the Arctic Barents Sea, energy officials and the company said on Thursday.

“Hydrocarbons were found in three different levels of sandstone…,” the Norwegian Petroleum Directorate (NPD) said in a statement, which confirmed earlier reports in Norwegian media that Eni had made a discovery.