Eni, Lukoil Awarded Exploration and Production Rights in Mexico
March 28 2018 - 9:03AM
Dow Jones News
By Marc Bisbal Arias
ENI SpA (ENI.MI) said Wednesday that, together with its Russian
partner Lukoil PJSC (LKOH.MZ), it has been awarded oil-and-gas
exploration and production rights to Block 28, offshore Mexico.
Financial details of the contract, which is subject to
regulatory approval, weren't disclosed.
ENI, with a 75% stake in the joint venture, will be the operator
of the license. Lukoil's interest is the remaining 25%.
The license will allow ENI to benefit from operational synergies
in the country, the company said.
Block 28 is located in the waters of the Cuenca Salina Basin,
where ENI holds a 100% stake in Arena 1 and is also the operator of
four other exploration and production blocks.
Write to Marc Bisbal Arias at marc.bisbalarias@dowjones.com
(END) Dow Jones Newswires
March 28, 2018 08:48 ET (12:48 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
ENI (NYSE:E)
Historical Stock Chart
From Jun 2024 to Jul 2024
ENI (NYSE:E)
Historical Stock Chart
From Jul 2023 to Jul 2024
