Exploration and production in the country is governed by concession contracts for onshore work and a production sharing agreement for offshore. The main permits our company works in are Bhit/Badhra (40%) and Kadanwari (18.42%). We also have shared in the permits Latif (33.3%), Zamzama (17.75%) and Sawan (23.7%). Development in 2019 included drilling new wells in producing fields to optimise production, improving existing onshore facilities and rigless operations to combat a decline in production. At the end of 2019 we have opened a solar plant with 10 MW to support production facilities in the field in Bhit.
In March 2021 we reached an agreement to sell our shares in our entities in Pakistan to Prime International Oil & Gas Company, a newly established company formed by former Eni’s local employees team and Hub Power Company Ltd, the largest Independent Pakistani Power Producer. In particular, the agreement provides the disposal of the Bhit/Badhra (Eni’s interest 40%) and Kadanwari (Eni’s interest 18.42%) operated fields, as well as the partecipating interest in the Latif (Eni’s interest 33.3%), Zamzama (Eni’s interest 17.75%) and Sawan (Eni’s interest 23.7%) fields.