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Eni signs offshore exploration deal with Ras Al Khaimah

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Christian Fernsby ▼ | April 20, 2019
Eni has signed an exploration and production agreement with the emirate of Ras Al Khaimah.
Middle East   Eni will operate 90 percent of the block
The deal between the Rome-based hydrocarbons producer and RAK Petroleum Authority will cover Block A, which includes an area of 2,412 square kilometres off the coast, according to a statement from Eni.

Eni will operate 90 percent of the block, while RAK Gas LLC will be in charge of the remaining 10 percent.

Earlier this year, Eni secured a deal on onshore exploration concession areas A, B & C in Sharjah. It also agreed to pay $3.3 billion (Dh12.1 billion) in cash for 20 percent of Abu Dhabi-based Adnoc Refining.