Eni Acquires Shell Stake in Australian Gas Field
December 21 2017 - 6:19AM
Dow Jones News
By Marc Bisbal Arias
Eni SpA (ENI.MI) said Thursday that it has acquired the 32.5%
stake in an Australian gas field owned by Royal Dutch Shell PLC
(RDSA.LN)'s subsidiary Shell Australia Proprietary Ltd.
Terms of the deal were not disclosed.
The Evans Shoal field is located around 300 kilometers northwest
of Darwin, where the Darwin liquefied natural gas plant is
operating. The field is estimated to have at least 8 trillion cubic
feet of raw gas in place, Eni said. The acquisition doubles Eni's
stake in the field to 65%.
The Italian company also said that it has become the operator of
the retention lease NT/RL7 located in the north Bonaparte Basin,
offshore Northern Australia.
Write to Marc Bisbal Arias at marc.bisbalarias@dowjones.com
(END) Dow Jones Newswires
December 21, 2017 06:04 ET (11:04 GMT)
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