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 2017 >>
MTWTFSS
27 28 29 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

3rd Deepwater East & Southern Africa Congress 2017

The past successful two series has gathered around 600 industrial professionals, while most of which thought this event informative and useful…

read more >

Offshore Technology Conference (OTC) 2017

The Offshore Technology Conference (OTC) is where energy professionals meet to exchange ideas and opinions to advance scientific…

read more >

OFFSHORE WIND CONNECTIONS 2017

The focus of OWC2017 is on the Yorkshire and the Humber region, which is at the epicentre of the offshore wind industry, and where billions…

read more >

19th Asia Oil and Gas Conference (AOGC 2017)

A high level congregation that needs no introduction, the Event brings forth strategic discourses from global industry captains…

read more >