Italian oil major Eni has acquired an additional oil and gas block in offshore central Vietnam.
Eni acquired a 100% participating interest and operatorship in Block 115/09, located in the Song Hong basin. The seller was KrisEnergy.
The oil and gas field is adjacent to Block 114, where Eni Vietnam and its partner Essar Exploration and Production Limited have recently announced the Ken Bau gas and condensates discovery, which is currently under appraisal. The new acreage also borders Block 116, also operated by Eni Vietnam with a 100% participating interest.
Eni has been present in Vietnam since 2013, and currently operates five blocks. They are all located in the underexplored Song Hong and Phu Khanh basins, offshore central Vietnam.