Eni signs a new contract for exploration with PetroVietnam

Eni

Eni has signed a production sharing contract with PetroVietnam for the exploration of the offshore Block 122, which covers an area of 6,900 square kilometers (2,664 square miles) in the Phu Khanh Basin, in waters depth up to 2,000 meters (6,562 feet).

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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