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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. ![]() Kuwait collection for PetrofacUK contractor Petrofac has collected a new contract with Kuwait Oil Company for work on new oil and gas pipelines. ![]() Exploration makes nine discoveriesExploration offshore Norway resulted in a total of nine discoveries being made in first half this year according to official figures. [Les mer ] • Exploration ![]() Income surges for StatoilStatoil saw its operating income increase 9% in the second quarter this year and by 11% in the first half. [Les mer ] • Company news ![]() Earnings almost double for ShellRoyal Dutch Shell's second quarter earnings this year were almost doubled while its half year earnings were also up and the company has pledged further asset sales. [Les mer ] • Company news ![]() Noble takes over FrontierDrilling contractor Noble Corporation has closed a US $2.16 Bn deal to acquire another rig owner adding seven new units to its fleet. [Les mer ] • Company news ![]() Brent decommissioning deal doneShell UK has appointed a key contractor to be responsible for decommissioning its huge Brent field facilities in the Northern North Sea. [Les mer ] • Field development |
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Publisher: Offshore Media Group, Box 1335 Vika 0112 Oslo Editor in chief: Helge Keilen. Online editor: John Bradbury. Telephone: +47 22 83 83 68 | +47 56 31 40 20 | +47 51 56 42 80 Tips: redaksjonen@offshore.no |
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