Eni has signed an exploration and production-sharing agreement with the emirate of Ras Al Khaimah, the Italian oil company’s latest expansion in the Middle East.
The agreement covers Block A offshore Ras Al Khaimah, one of the seven United Arab Emirates (UAE). It was signed between Eni and the emirate’s RAK Petroleum Authority, Eni said in a statement on April 18.
Block A is an area of 2,412 sq km. Eni will be the block’s operator, with a 90% participating interest, while RAK GAS will hold the remaining 10%.
Earlier this year, Eni pledged $3.3 billion to buy part of the world’s fourth-biggest refinery in the UAE, increasing its own refining capacity by more than a third.
In January the oil company of Sharjah, another emirate, awarded Eni concessions in three areas.
That same month Eni also signed an exploration and production agreement in neighboring Oman.
Wood has secured a two-year extension to its in-Kingdom and out-of Kingdom contracts with Saudi Aramco’s subsidiary, Aramco Overseas Company BV (AOC) on Jan. 21 for its unconventional gas program, extending awards originally secured in 2014.
Evolution Well Services on Jan. 20 said it has been awarded a 24-month agreement to provide dedicated electric hydraulic fracturing services for a leading onshore oil and gas producer to begin in the first quarter of 2020.
TerraSond, an Acteon company, has been awarded a five-year IDIQ contract on Jan. 16 by the Hydrographic Surveys Division of the National Oceanic and Atmospheric Administration (NOAA)’s National Ocean Service, Office of Coast Survey, to provide hydrographic surveying services in the U.S.