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

Events>

<< Apr 2015 >>
MTWTFSS
30 31 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 1 2 3

Subsea Vessels Conference 2015

Subsea Vessels Europe Conference 2015 – improving the interface between oil and gas companies, subsea vessel operators, and subsea hardware…

read more >

Transnational Oil, Gas and Energy Law

Study a Unique Online Learning Programme that is Highly Relevant to Today’s International Market…

read more >

7th Annual Offshore Drilling and Rigs Conference 2015

IBC’s Offshore Drilling & Rigs (ODR) conference is the world’s ONLY leading offshore drilling and rigs dedicated event…

read more >

Integrity management of subsea pipelines

Integrity management is paramount to the success and long life of a pipeline. This course offers a thorough understanding of the engineering…

read more >