The contract envisages an exploration period of four years, during which studies will be made, seismic data will be acquired and processed and one exploration well will be drilled. Edison will invest approximately 30 million euros. If reserves were discovered, Edison will directly enter the development phase.
This new contract is consistent with Edison's Industrial Plan which calls for an expansion of Edison exploration and production operations, with the goal of increasing reserves and boosting hydrocarbon production to a level equal to about 15% of the Group's future needs.
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