Overview

Vietnam
We currently operate in Vietnam in offshore Exploration & Production activities. The exploration activity involves the acquisition of 3D seismic surveys and the drilling of exploration wells. The blocks acquired in the country have a high potential and are located in prolific areas where major exploration success have been made. Agreements signed with the Vietnamese state oil company PetroVietnam will allow it to expand its international activities and for Eni to enter new blocks in the country.

Exploration & Production

On 25 June 2012 we signed an agreement with KrisEnergy and Neon Energy for the acquisition of two exploration blocks located in the Vietnam offshore, in the Song Hong Basin (where an estimated 10% of Vietnam’s hydrocarbon resources, mainly gas, are located) and Phu Khanh, in the Gulf of Tonkin, respectively. The agreement relating to the blocks 105 and 120, gives Eni the role of operator with a 50% share, while KrisEnergy and Neon Energy obtained 25% each. The two blocks extend over a total of about 15,600 square kilometres. Exploration activities involve the acquisition of 3D seismic surveys and the drilling of two exploration wells. On 2 July 2012 we signed an agreement with the Indian company Essar for the acquisition of 50% and the operatorship of exploration block 114, in the Song Hong Basin of offshore Vietnam. Exploration activities on the new block include the acquisition of 3D seismic surveys and the drilling of two wells. The blocks acquired in Vietnam have a high potential and are located in in prolific areas where major exploration success have been made. These agreements strengthen Eni’s growth strategy in the Far East and the Pacific, considered to be a high-growth area. In January 2013, the Chairman and CEO of the Vietnamese state oil company PetroVietnam, Do Van Hau, and the then chief executive of Eni, Paolo Scaroni, signed a Memorandum of Understanding in Rome for the development of business opportunities in Vietnam and abroad. The agreement was signed after a meeting between the Italian Prime Minister, Mario Monti, and the General Secretary of the Communist Party of Vietnam, Nguyen Phu Trong. The Declaration of Intent foresees for PetroVietnam the opportunity to expand its international business and for Eni to enter new blocks in the country. In February 2013, Eni and PetroVietnam signed an agreement in Hanoi for the joint evaluation of the potential of unconventional resources in the country. In October 2014, Eni signed with PetroVietnam two Production Sharing Contracst (PSC), i.e. agreements for the exploration of blocks 116 and 124, located off the coast of Vietnam.

Offices & contacts

Eni Vietnam B.V.
19th Floor
Kumho Asiana Plaza
39 Le Duan Street
District 1
HCMC
Ho Chi Minh City
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