Of these, 40 TCF are to [indiscernible] with Area 1. And 20 TCF in structures, which are fully in our block. Following this success, we now estimate the overall potential of the discoveries in Area 4, 70 TCF of gas in place. We've also been working on our long-term exploration prospects, securing new and promising acreage in the Norwegian and Russian Barents Sea, in the Black Sea, East Africa and in the Far East.Turning now to our operating performance. While in E&P, we see the benefit of rapid recovery of Libyan volumes, our Italian European businesses faced strong economic headwinds. In Gas & Power, gas demand continued to fall, driven by the weak economy and the competitiveness of coal and renewables in power generation.
Eni SpA Management Discusses Q2 2012 Results - Earnings Call Transcript
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