ENI Block 15/06: Lourenço bends over backwards for oil majors
The Italian major ENI has every reason to be delighted. Already galvanised by the good results in February from its Agogo-3 appraisal well, which has boosted the estimated reserves of Agogo (Block 15/06) to one billion barrels, it has now secured a three-year extension to the optional exploration phase for the block. [...]
On oil & gas firms advice, Lourenco favours… oil & gas firms!
Mindful of the findings of a working group set up to brainstorm on the sector's future and comprised of representatives of several majors, the regime has decided to make several key legislative changes, all of which benefit the oil & gas firms. [...]