25 April 2024
Eni buys into two offshore exploration blocks in Vietnam
Publication date: 25 June 2012
Gas Strategies Group
10 Saint Bride Street
London UK
EC4A 4AD
ISSN: 0964-8496
Twitter @GasStrategies
Editorials
Subscriptions
Eni announced on Monday agreements signed with KrisEnergy and Neon Energy to acquire 50% stakes and operatorship of two exploration blocks offshore Vietnam. Neon Energy and Kris Energy will each hold 25% stakes in the two blocks – 105-110/04 and 120 – which are located in the Song Hong and Phu Khanh basins in the Gulf of Tonkin. The Song Hong Basin is estimated to contain 10% of Vietnam’s hydrocarbon resources, most of which is believed to be gas.