Eni has signed an Exploration and Production Sharing Agreement (EPSA) with the National Oil and Gas Authority of the Kingdom of Bahrain (NOGA) for offshore Block 1
This follows a joint study conducted by Eni in 2016 and the signature of a Memorandum of Understanding in January 2019.
The signing took place in the presence of H.E. Sheikh Mohamed Bin Khalifa Al Khalifa, Minister of Oil of Bahrain and chairman of the board of directors in NOGA, and Claudio Descalzi, chief executive officer of Eni.
Under the terms of the agreement, Eni will pursue exploration activities in the offshore area of more than 2,800 sq km, located in the northern territorial waters of the Kingdom of Bahrain, with water depth ranging from 10 up to 70 metres.
With this agreement, Eni strengthens its presence in Bahrain, in line with its strategy aimed at diversifying its exploration portfolio across basins with liquid hydrocarbon potential, such as those present in the Middle East region.
In the Middle East, Eni is already present in the UAE, Iraq, Oman and Lebanon, and has scored several oil and gas successes in the region this year.
