Finance & Investing
News Services
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy


Eni Signs MOU with PetroVietnam on Business Development in Vietnam

change text size

MILAN - Energy company Eni SpA said Monday it signed an agreement with Vietnamese national oil company PetroVietnam to develop business opportunities in Vietnam and abroad.

Eni added that under the agreement it will allow PetroVietnam to acquire shares in international areas and blocks where it owns the rights to exploration and development.

In a statement, the Italian company said the agreement was signed by Eni Chief Executive Paolo Scaroni and PetroVietnam President and Chief Executive Do Van Hau in Rome, after a meeting between Italian Prime Minister, Mario Monti, and the General Secretary of the Communist Party of Vietnam, Nguyen Phu Trong.

Eni has been present in Vietnam since June 2012 through a 50% participation and the operatorship of three exploration blocks located in the Hong Son basin in the Gulf of Tonkin that is estimated to contain 10% of the hydrocarbon resources of Vietnam.

Copyright (c) 2012 Dow Jones & Company, Inc.


Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Most Popular Articles
From the Career Center
Jobs that may interest you
Business Development
Expertise: Business Development
Location: Corpus Christi , TX
Right of Way Specialist I - Port Reading
Expertise: Commercial Management|Lease Analyst
Location: Port Reading, NJ
Senior Engineering Project Manager
Expertise: Engineering Manager|Project Engineer|Project Management
Location: Houston, TX
search for more jobs