Eni Wins Rights to Explore Offshore Block in the Gulf of Mexico

02/01/18 11:00 AM EST
   By Marc Navarro Gonzalez 
 

Eni SpA (ENI.MI) has won a Mexican government auction to explore and produce in a block located in the deep waters of the Cuenca Salina basin, the Italian oil-and-gas company said on Thursday.

Mexico's national hydrocarbon commission has awarded the contract to operate offshore block 24 to a joint venture between Eni and Qatar Petrolium, the company said. Eni owns 65% per cent of the joint venture, with Qatar Petrolium holding 35%.

Eni said the contract will strengthen its presence in Mexican offshore. Eni also holds operating rights in 3 other exploration and production blocks in the Cuenca Salina basin, it said.

 

Write to Marc Navarro Gonzalez at marc.navarrogonzalez@dowjones.com

 

(END) Dow Jones Newswires

February 01, 2018 11:00 ET (16:00 GMT)

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