Eni signs a new contract for exploration with PetroVietnam

Offshore staff

HANOI Eni has signed a production sharing contract with PetroVietnam for exploration of offshore block 122, which covers 6,900 sq km (2,664 sq mi) in the Phu Khanh basin, in water depths to 2,000 m (6,562 ft).

The exploration period will last seven years, and will be subdivided into two phases.

This new agreement confirms Eni’s interest to continue and consolidate its presence in Vietnam, where the company returned in 2012 and already operates three offshore exploration blocks.


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