Eni signs offshore production contract in Vietnam

Hanoi: Italy's Eni has signed two production sharing contracts  with Vietnam's state-owned oil and gas company PetroVietnam for the exploration of two blocks offshore Vietnam.

One of the blocks is fully owned by Eni, the other block is co-owned by Eni and Santos Vietnam.

"The participation in these two new high-potential blocks will consolidate our presence in the area and support our growth in the Pacific basin," said Eni's CEO.

Eni currently operates four offshore exploration blocks off Vietnam. [14/10/14]

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