Current E Stock Info

By Tyler Losier, Energy Reporter, Oil & Gas 360

 
Italian supermajor will have 80% stake
Argentinian authorities awarded an Eni-led consortium the exploration license for block MLO 124, located approximately 100 kilometers off the coast of Tierra del Fuego in the Malvinas Basin.

Block MLO 124 encompasses an area of 4,418 square kilometers, in water with depths ranging from 100 to 650 meters.

Eni’s (stock ticker: E) successful bid comes as a part of a larger international competition for exploration rights in the region known as “Ronda Costa Afuera n. 1,” which was held on April 16.

Eni, the main operator of the consortium, will hold an 80% stake in the endeavor. Other members of the partnership include Tecpetrol S.A. ...


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