Eni joins in exploration offshore Vietnam

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

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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