June 26 – The ENI Group has launched a new exploration mission in Vietnam. The CEO Claudio Descalzi signed today a Production Sharing Contract (PSC) for the exploration of offshore Block 122 with the president and CEO of PetroVietnam, Do Van Hau. “Block 122 – said ENI in a statement – covers an area of 6900sqk in the Phu Khanh Basin, up to 2,000 meters deep.” The exploration period will last seven years, and is divided into 2 phases. “This new agreement – concluded the note – confirms ENI’s interest in consolidating its presence in Vietnam, where the Company returned in 2012, and has since been active in three offshore exploration blocks.”
