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Upstream

Eni enters the upstream of Portugal

18 December 2014 - 5:47 PM CET
 

San Donato Milanese (Milan), 18 December 2014 – Eni has finalised  with Petrogal, a wholly owned subsidiary of the Portuguese company Galp Energia operating in the upstream oil & gas, the farm in agreement for the acquisition of a 70% stake and operatorship of the Gamba, Santola and Lavagante permits. The agreement will guarantee the exploration rights  for an unexplored area of 9,100 square kilometers in offshore Portugal.

The exploration permits were awarded to Petrogal in 2007 by the Portuguese State.
The agreement is part of Eni’s strategy aimed at diversifying and expanding its exploration portfolio.

Download the press release (PDF)

PDF 37.79 KB 18 December 2014 CET 17:47
PDF 37.79 KB