Kuwait collection for Petrofac
UK contractor Petrofac has collected a new contract with Kuwait Oil Company for work on new oil and gas pipelines.
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New business pledge for Eni
Published 23.11.2009 10:55:46 by John Bradbury
Eni has pledged to build a new business onshore Uganda with its offer to buy out Heritage Oil's assets in the country.Eni said today that its offer to buy the 50% equity held by Heritage in blocks 1 and 3a in the Albert Basin region in northeast Uganda will form the basis of its new enterprise onshore East Africa.
“Blocks 1 and 3A, which are located in the Lake Albert basin, one of the most important African sedimentary basins, have resources for more than 1 billion barrels of oil equivalent, of which approximately 700 million have already been discovered from about 28 wells drilled in the area,” Eni declared in a statement from its headquarters in Milan.
“The development of these resources will require great synergy with Uganda's infrastructure programs, in respect of which Eni intends to play a leading role in partnership with the Authorities,” the Italian oil group declared.
Underlining its commitment in sub-Saharan Africa, Eni said it will work towards sustainable development in the region.
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