ENI buy stakes in Shell Gulf of Mexico assets

Aug 24, 1999 02:00 AM

Italian oil giant, ENI, announced it has acquired a 34 % interest in the Macaroni field and a 32 % stake in the Europa field in the Gulf of Mexico, from a unit of Shell Group.
In a statement, the company said the acquisitions will triple its oil and gas production in the Gulf area and claims the Macaroni field is due to begin production sometime, this year while Europa is set to start in early 2000.

Source: IINX via Iinoil
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