Eni won a stake in the Lower Zakum crude deposit and the right to develop a separate area containing the Umm Shaif and Nasr fields.
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Italy's Eni SpA is due to sign a contract with state producer Abu Dhabi National Oil Co. for two offshore oil blocks in the Gulf, according to several people with knowledge of the matter.Rome-based Eni is the fourth international company to secure rights to one of ADNOC's new offshore concessions and the first to sign up for the Umm Shaif and Nasr block.The current contract governing those deposits as a single block expired on March 8, with Total SA, BP PLC and Japan's Inpex Corp. as partners. ADNOC will keep a 60 percent stake in each of the new offshore concessions.Neither BP nor Total has signed a new deal for any of the offshore fields.
FOLLOW THIS ARTICLE