Eni Wins Exploration Block Onshore Pakistan

Source: www.gulfoilandgas.com 9/30/2009, Location: Asia

Eni has won, in joint venture with Pakistan Petroleum Ltd (PPL) and Royal Dutch Shell, the bid tender for the exploration licence of onshore Sukhpur block, located in the Sindh province north of Karachi. The Sukhpur block lies in the vicinity of the Eni-operated producing areas of Bhit and Badhra and will bring significant operating synergies.

During the meeting held in Rome between the President of Pakistan Asif Zardari and Eni CEO Paolo Scaroni, discussions covered this assignment as well as further developments of the Protocol of Cooperation signed last March between Eni and the Government of exPakistan. Eni CEO Paolo Scaroni also expressed Eni's commitment to continuing as a strategic partner in the development of Pakistan's oil sector by making the company's expertise, know-how and innovative technologies available.

Eni has been present in Pakistan since 2000 and is the first international company operating in the country in terms of exploration and production of gas with an equity production of 56,000 boe/d. Eni is also the first player in the offshore exploration of hydrocarbons with cutting-edge technologies. The company currently holds 22 exploration and production licences in Pakistan including: 15 exploration licences (3 offshore and 12 onshore), and 7 production or development licences (3 operated).


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