Eni Makes First Move into India by Winning Two Exploration Licenses
Eni has won the rights to explore two Indian exploration blocks, Block 8 and Block D-6, following an international bid tender. This is the first exploration contract awarded to Eni in India.
Block 8 lies onshore Rajasthan some 500 km from Jaipur, in the northwest of India, and extends for approximately 1335 sq km. Eni operates the block with a 34% equity interest. The other partners are India's ONGC (Oil and Natural Gas Corporation Limited, 36%) and UK-based Cairn Exploration (30%).
Offshore Block D-6 is located deepwater in the Indian Ocean, some 130 km west of the Andaman Islands, and covers an area of 13110 sq km. Eni also operates this block with a 40% equity interest. Remaining partners are ONGC (45%) and India's GAIL Limited (15%).
Paolo Scaroni, CEO of Eni, commented: "I am very pleased with this strategic outcome, which marks the company's first Exploration & Production activities in India, a country with significant potential. We also feel honoured to collaborate as operator with three first-class partners and we are well positioned to progress the exploration work programs together".
Operates 11 Offshore Rigs
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