Eni farms in to Vietnam blocks

Italian energy giant ENI logo is pictured  during the presentation of results and strategy press conference at ENI's headquarters in Milan, on February 15, 2008. Enel reported today that its 2007 adjusted net profit fell 9.0 percent to 9.47 billion euros (13.82 billion dollars) as a strong euro and higher costs more than offset rising oil prices. AFP PHOTO DAMIEN MEYER

Eni: the Italian giant has signed a farm-in agreement to earn a 50% stake in two blocks off Vietnam

Singapore’s KrisEnergy and Australia’s Neon Energy have signed farm-out agreements which will see Italian giant Eni take a 50% stake in two blocks off Vietnam.

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