Edition:
United Kingdom

Eni Receives Approval For Abay Subsoil Use Right


Friday, 5 Jul 2019 

July 5 (Reuters) - Eni SpA ::ENI RECEIVES APPROVAL FOR ABAY SUBSOIL USE RIGHT.ABAY BLOCK IS LOCATED IN THE NORTHERN PART OF THE KAZAKHSTAN SECTOR OF THE CASPIAN SEA.ENI AND KAZMUNAYGAS WILL EACH HOLD 50% OF ABAY BLOCK.WILL CARRY KAZMUNAYGAS'S SHARE OF THE COSTS DURING THE EXPLORATION PERIOD.BLOCK IS ESTIMATED TO HAVE SIGNIFICANT POTENTIAL FOR HYDROCARBON RESOURCES.