Eni signs a new contract for exploration with PetroVietnam

6/26/2014

Eni signs a new contract for exploration with PetroVietnam

Hanoi, Vietnam --  Eni’s CEO, Claudio Descalzi, signed in Hanoi with PetroVietnam President and CEO, Do Van Hau, a Production Sharing Contract (PSC) for the exploration of the offshore Block 122.
 
Block 122 covers an area of 6,900 sq km in the Phu Khanh Basin, in waters depth up to 2,000 m. The exploration period will last 7 years, subdivided in 2 phases.
 
This new agreement confirms Eni’s interest to continue and consolidate its presence in Vietnam, where the company returned in 2012 and operates already three offshore exploration blocks.

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