Eni SpA (E) Wednesday said it has signed a deal with the Ukrainian government that will give it access to offshore exploration and production as it seeks to tap into hydrocarbon reserves off the country's Black Sea coast.

In a statement, Italy's biggest energy company by market value said it signed a hydrocarbon production sharing agreement with Ukraine giving the Rome-based company access to an offshore area covering about 1,400 square kilometers in the eastern part of the Crimean peninsula.

Eni will be the operator with a 50% stake in a joint venture where Electricite de France SA (EDF.FR) has a 5% holding, while Ukrainian state-owned companies Vody Ukrainy and Chornomornaftogaz have a combined 45% stake.

Eni's presence and that of the Ukrainian partners "will ensure the success of the project," the statement said.

 Ukraine is keep to promote domestic oil and natural gas production to reduce Russian imports and boost its energy security.
Ακολουθήστε το energia.gr στο Google News!Παρακολουθήστε τις εξελίξεις με την υπογραφη εγκυρότητας του energia.gr

Διαβάστε ακόμα