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Eni gets OK to develop three oil fields offshore Mexico

Dec. 01, 2015 10:21 AM ETEni S.p.A. (E) StockEBy: Carl Surran, SA News Editor
  • Eni (E +0.5%) says it has been cleared by Mexican authorities to begin development of three oil fields in the Gulf of Mexico's Bay of Campeche.
  • Eni says the combined reserves for the three fields total ~800M barrels of oil and 480B cf of associated gas, and that it will move quickly on an appraisal campaign to confirm the reserve estimates.
  • Eni in October won all of the shares in the three fields included in the Mexican government's auction.

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