MILAN, July 25 (Class Editori) – A month and a half after the mission of Prime Minister Giuseppe Conte in Vietnam, Eni announced to have finally successfully carried out its exploration campaign in the Asian country. Conte had been in Hanoi at the beginning of June to participate in the third edition of the high-level dialogue on economic relations between Italy and Asean, the organization of the countries of South-East Asia, and had also talked about oil & gas, at the presence of Eni, returned to the country in 2012 and owner of 5 offshore blocks.
So far the exploratory campaigns conducted by Eni had gone on between alternating fortunes, so much so that on the 2018 balance sheet a total of 100 million euros had been registered, linked to the cancellation of wells explored without success or with insufficient resources to justify its development.
Now the group announced a breakthrought: the exploration well drilled in Block 114 offshore, in the Song Hong basin (operated by Eni with 50%), confirmed a significant quantity of gas and condensates in the prospectus Ken Bau statement. And to think that the Ken Bau 1X exploration well had been abandoned in advance of the original program for technical reasons, before attempting and reaching those deep levels that may contain important additional resources.
Eni is already planning, Eni Vietnam also operates the nearby Block 116. Meanwhile, the group has updated its buy-back program: following the purchases made until 19 July 2019, considering the treasury shares already in the portfolio, Eni holds 40.3 million treasury shares, equal to 1.11% of the capital social. (All rights reserved)
(Source:Class Editori)
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