Eni bets and Eni wins

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Latest discoveries and purchases made Eni the biggest shareholder of oil and natural gas fields in East Africa increasing their resources from 30 to 68 trillion m³. The Italian giant is about to operate most of Mozambique offshore findings. Remote and unstable areas with almost none infrastructural bases are risky for development. But without risk there is no reward. That troublesome region is not the first and last in which Eni have taken part.

Eni thrives in North Africa. Thanks to executives politics they survived Libyan civil war and came along smoothly. Italians plan to explore Barents Sea and Black Sea together with Rosneft. And what might be extremely prosperous – Chinese mainland shale gas formations, for which Eni signed a deal with China National Petroleum Corp.

As Mr Scaroni said “We are preparing the balance sheet to be ready to develop all the discoveries we have made” there is nothing to do but to wish them good luck and wave of prospects.

For more specific information switch to:
New York Times
Seeking Alpha

photo: REUTERS, offshoreenergytoday.com

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Gordon Wasilewski

BSc in Petroleum Engineering student at AGH University of Science and Technology. YoungPetro Editor

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