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13 May 2008 19:40 GMT | more prices >>

Mediterranean ties up Eni rig



By Upstream staff 

Mediterranean Oil & Gas has signed a deal with Italian giant Eni which will see an Eni rig get to work on the Ombrina Mare find and the Monte Grosso oil prospect.

An Eni-contracted jack-up rig will be be mobilised by end of the year, with drilling of the Ombrina Mare-2 appraisal well to commence next January, the company said.

Chief executive Giovanni Catalano said the economic potential of the Ombrina Mare oil and gas field, off the Adriatic Coast, has made its appraisal and development a high priority for the company.

The Monte Grosso well is expected to spud next quarter, it said.


18 May 2007 08:23 GMT  | last updated: 18 May 2007 08:23 GMT

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