Eni Inks Agreement for Two Exploration Blocks Offshore Vietnam

Eni Inks Agreement for Two Exploration Blocks Offshore Vietnam

Eni has signed an agreement with KrisEnergy and Neon Energy for two exploration blocks located offshore Vietnam, in the Song Hong and Phu Khanh basins in the Gulf of Tonkin. The Song Hong Basin is estimated to contain 10% of Vietnam’s hydrocarbon resources, mainly gas, and significant discoveries have recently been recorded there.

The agreement is subject to approval from the relevant Vietnamese authorities, and covers blocks 105-110/04 and 120, where the participating interests will be Eni with 50% as operator, KrisEnergy with 25% and Neon Energy with 25%. The two blocks cover approximately 15,600 square kilometres of acreage.

The near term exploration activity will include the acquisition of 3D seismic surveys and the drilling of two exploration wells.

This agreement, coupled with recent announcements related to significant gas discoveries in Indonesia and the addition of new acreage in Indonesia and Australia, reaffirms Eni’s growth strategy in the Far East and Pacific, a region characterized by fast growing economies.

Subsea World News Staff , June 25, 2012;  Image: KrisEnergy

Share this article

Follow Subsea World News


<< Oct 2015 >>
28 29 30 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1

Offshore Energy Exhibition & Conference 2015

Offshore Energy is an annual event focused on the complete offshore energy industry. It covers both the exploration and production of the…

read more >


The Course includes Practical Electro-Hydraulic Circuit Construction, setting-up procedures, testing & fault diagnosis…

read more >

3P Arctic 2015

The 3P Arctic 2015 Technical Program will consist of 15 to 20 sessions, which are being planned to include 150-160 oral presentations and…

read more >


The Indonesian government aims to increase oil production to one million bpd in the coming years by offering new exploration rights and…

read more >