ENI: strengthens presence offshore Vietnam
(CercleFinance.com) - Italian oil group Eni, through its subsidiary Eni Vietnam, has completed the acquisition from Krisenergy Ltd.
of a 100% interest in Block 115/09, offshore Vietnam.
Eni says that this area is adjacent to Block 114 where Eni Vietnam and its partner Essar Exploration and Production Limited recently announced the discovery of gas and condensates, which are currently being assessed.
The block 115/09 covers an area of 7,382 km2, with water depths ranging from 90 m to 1,000 m.
This acquisition strengthens Eni's presence in the country, in line with its expansion strategy in Far East Asia.
Eni has been present in Vietnam since 2013 and currently operates five blocks, all located in the underexplored Song Hong and Phu Khanh basins.
Copyright (c) 2021 CercleFinance.com. All rights reserved.
of a 100% interest in Block 115/09, offshore Vietnam.
Eni says that this area is adjacent to Block 114 where Eni Vietnam and its partner Essar Exploration and Production Limited recently announced the discovery of gas and condensates, which are currently being assessed.
The block 115/09 covers an area of 7,382 km2, with water depths ranging from 90 m to 1,000 m.
This acquisition strengthens Eni's presence in the country, in line with its expansion strategy in Far East Asia.
Eni has been present in Vietnam since 2013 and currently operates five blocks, all located in the underexplored Song Hong and Phu Khanh basins.
Copyright (c) 2021 CercleFinance.com. All rights reserved.