(MENAFN - Trend News Agency)
Baku, Azerbaijan, May 2
By Leman Zeynalova – Trend:
Italy's Eni has signed an Exploration and Production Sharing Agreement (EPSA) with the National Oil and Gas Authority of the Kingdom of Bahrain (NOGA) for Block 1, Trend reports citing Eni.
Reportedly, under the terms of the agreement, Eni will pursue exploration activities in the offshore area of over 2,800 square kilometers, located in the northern territorial waters of the Kingdom of Bahrain, with water depth ranging from 10 up to 70 meters.
'Thanks to this agreement, Eni strengthens its presence in Bahrain, in line with its strategy aimed at diversifying its exploration portfolio across basins with liquid hydrocarbon potential, as those present in this Middle East region,' reads the message.
In the Middle East, Eni is already present in the United Arab Emirates, Iraq, Oman and Lebanon.
Eni is an Italian company with a worldwide presence. It is one of the global oil and gas super-players – operating in 71 countries worldwide and employing around 33,000 people.
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