Eni and NOC Sign New Petroleum Contracts

  • Eni and NOC Sign New Petroleum Contracts

    Eni and NOC Sign New Petroleum Contracts

    Sunday, 15th June 2008
    Eni and NOC signed the six contracts of Exploration and Production Sharing (EPSA IV) that convert the original agreements that ruled oil and gas activity of Eni in the country. Contracts have been renewed for 25 years from January 2008. The new expiry dates set by the agreement are 2042 for production of oil and 2047 for gas.