Eni to Apply Barnett Know-How in Polish Shale Gas Play

Eni has reached an agreement for the acquisition of Minsk Energy Resources and to become operator of three licenses in the Polish Baltic Basin, a highly prospective shale gas play.

The acreage is located in the northeast of Poland and consists of 1,967 square kilometers. Drilling operations are expected to start in 2011, with a total exploration commitment of 6 wells.

Eni will operate the licenses leveraging the extensive knowledge and expertise acquired through its JV in the Barnett Shale in Texas, the first shale gas basin in the world to be developed on a large-scale.

Through this agreement Eni makes its entrance into European unconventional gas, in line with the company's strategy of expanding its position in unconventional resources.

Poland, which is currently importing almost 70% of its gas requirements, represents the ideal environment for Eni to start its operations in this emerging play which is of great interest to the oil & gas industry as a whole.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Sr. Contracts Negotiator
Expertise: Contracts Administration|Contracts Engineer|Legal
Location: Houston
 
Casing Crew Pusher
Expertise: Floorhand / Roughneck|Roustabout
Location: Oklahoma City, OK
 
Tong Operator I
Expertise: Floorhand / Roughneck|Roustabout
Location: Oklahoma City, OK
 
search for more jobs

Brent Crude Oil : $48.6/BBL 1.12%
Light Crude Oil : $46.34/BBL 1.24%
Natural Gas : $2.9/MMBtu 2.35%
Updated in last 24 hours