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ENI Eni Spa

15.33
0.056 (0.37%)
Last Updated: 13:38:12
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
  0.056 0.37% 15.33 15.326 15.328 15.438 15.248 15.344 2,937,604 13:38:12

Qatar Petroleum to Take 25% Stake in Eni-Total Kenya Blocks

23/07/2019 2:40pm

Dow Jones News


Eni (BIT:ENI)
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From Apr 2019 to Apr 2024

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   By Nathan Allen 
 

Qatar Petroleum said Tuesday that it will take a 25% stake in three exploration blocks, currently held jointly by Eni SpA (ENI.MI) and Total SA (FP.FR).

Under the terms of the deal Qatar Petroleum said it will take a share in the L11A, L11B and L12 blocks, in deep water offshore Kenya.

Eni, which is the operator of the blocks, has agreed to sell a 13.75% stake, while Total will sell an 11.25% stake.

Following the transaction's close Eni will hold 41.25%, Total will hold 33.75% and Qatar Petroleum will hold 25%.

 

Write to Nathan Allen at nathan.allen@dowjones.com

 

(END) Dow Jones Newswires

July 23, 2019 09:25 ET (13:25 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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