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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Eni Spa | BIT:ENI | Italy | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.05 | 0.34% | 14.904 | 14.902 | 14.904 | 14.972 | 14.84 | 14.86 | 3,686,371 | 15:30:52 |
From May 2019 to May 2024
By Nathan Allen
Italy's ENI SpA (ENI.MI) has signed an agreement with Morocco's National Bureau of Hydrocarbons and Mines--known as ONHYM--to explore the Tarfaya offshore-exploration area, the company said Wednesday.
ENI said it will be the operator of the license, with a 75% stake, while ONHYM will retain a 25% stake.
The drilling rights cover almost 24,000 square kilometers of shallow offshore waters divided into 12 separate exploration areas, the company said.
The agreement is in line with ENI's strategy of broadening its exploration portfolio into basins with high hydrocarbon potential, it added.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
December 20, 2017 11:12 ET (16:12 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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