EXPLORATION

Eni makes a major play for PNG's undiscovered oil and gas

ITALIAN oil major Eni SpA has made a surprise deal with the Papua New Guinea government that could lead to billions of investment rivalling the likes of ExxonMobil's commitment to the nation.

Blair Price

Eni said it signed a long-term partnership agreement with PNG to pursue a "shared vision for sustainable development" of the country's hydrocarbon resources. The agreement paves the way for Eni to set...

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