Investor Alert

New York Markets Open in:

Jan. 14, 2019, 2:47 a.m. EST

Eni signs petroleum exploration deal in Bahrain

Watchlist Relevance

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

or Cancel Already have a watchlist? Log In

By Patrick Costello

Eni SpA (ENI.MI) said Sunday that it signed a deal with the National Oil and Gas Authority of the Kingdom of Bahrain to pursue petroleum exploration in the offshore exploration area Block 1.

Block 1 is a largely unexplored offshore area covering 2,800 square kilometers in the northern territorial waters of Bahrain, the Italian energy company said.

The agreement will allow Eni to start cooperating and investing in Bahrain and expand its presence in a key region of the Middle East, it said.

Eni didn't disclose the financial terms of the transaction.

This Story has 0 Comments
Be the first to comment
More News In

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.