Eni acquires block in Vietnam

Eni has completed the acquisition from Krisenergy of a 100 percent participating interest and the operatorship in Block 115/09, offshore central Vietnam.

The area is adjacent to Block 114 where the operator Eni Vietnam and its partner Essar Exploration and Production Limited have recently announced the Ken Bau gas and condensates discovery currently under appraisal.

The new acreage also borders with Block 116, also operated by Eni Vietnam with a 100% participating interest.

The block covers an area of 7,382 Km2, with a water depth ranging from 90m to 1,000m.

This deal helps consolidates Eni’s position in the recently discovered Ken Bau like play, in line with the company’s strategy of expanding of its gas portfolio in the Asian Far East.