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ENI Eni Spa

14.708
-0.116 (-0.78%)
03 May 2024 - Closed
Delayed by 15 minutes
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
  -0.116 -0.78% 14.708 14.662 14.80 14.854 14.656 14.846 8,546,828 17:00:00

Eni Acquires Shell Stake in Australian Gas Field

21/12/2017 11:19am

Dow Jones News


Eni (BIT:ENI)
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   By Marc Bisbal Arias 
 

Eni SpA (ENI.MI) said Thursday that it has acquired the 32.5% stake in an Australian gas field owned by Royal Dutch Shell PLC (RDSA.LN)'s subsidiary Shell Australia Proprietary Ltd.

Terms of the deal were not disclosed.

The Evans Shoal field is located around 300 kilometers northwest of Darwin, where the Darwin liquefied natural gas plant is operating. The field is estimated to have at least 8 trillion cubic feet of raw gas in place, Eni said. The acquisition doubles Eni's stake in the field to 65%.

The Italian company also said that it has become the operator of the retention lease NT/RL7 located in the north Bonaparte Basin, offshore Northern Australia.

 

Write to Marc Bisbal Arias at marc.bisbalarias@dowjones.com

 

(END) Dow Jones Newswires

December 21, 2017 06:04 ET (11:04 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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