Eni Portugal lets contract for Saipem drillship

Eni Portugal BV let a contract to Saipem SPA for the Saipem 12000 ultradeepwater drillship, which will operate offshore Portugal starting in this year’s third quarter. Source: News


Baltim SW-1 well finds gas in East Nile Delta

The Baltim SW-1 exploration well in the Baltim South development lease of the East Nile Delta reached a total depth of 3,750 m in 25 m of water, encountering 62 m of net gas pay in high-quality Messinian sandstones, partners Eni SPA and BP PLC reported. Source: News


Sustained low prices may make producing countries reform, panel says

Continuing lower crude oil and natural gas prices could make many Middle Eastern and Central Asian producing countries’ governments consider serious institutional reforms, speakers at a Washington forum generally agreed.   Source: News