Eni Signs Petroleum Exploration Agreement in Bahrain
January 14 2019 - 2:57AM
Dow Jones News
By Patrick Costello
Eni SpA (ENI.MI) said Sunday that it signed a deal with the
National Oil and Gas Authority of the Kingdom of Bahrain to pursue
petroleum exploration in the offshore exploration area Block 1.
Block 1 is a largely unexplored offshore area covering 2,800
square kilometers in the northern territorial waters of Bahrain,
the Italian energy company said.
The agreement will allow Eni to start cooperating and investing
in Bahrain and expand its presence in a key region of the Middle
East, it said.
Eni didn't disclose the financial terms of the transaction.
Write to Patrick Costello at patrick.costello@dowjones.com.
(END) Dow Jones Newswires
January 14, 2019 02:42 ET (07:42 GMT)
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