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Eni joins in exploration offshore Vietnam

Offshore staff

MILAN, Italy – Eni has signed an agreement with KrisEnergy and Neon Energy regarding two offshore Vietnam exploration blocks in the Gulf of Tonkin.

The agreement involves blocks 105-110/04 and 120, and two basins, the Song Hong and Phu Khanh, which are mainly gas-containing based on recent drilling. Near term plans call for 3D seismic and two exploration wells.

If approved by the Vietnamese authorities, Eni would have 50% and be operator with KrisEnergy and Neon each holding 25%. The two blocks cover 15,600 sq km (6,023 sq mi).

6/26/2012

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