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19

Eni To Explore In Indonesia

Eni SpA had agreed to work with Indonesia's PT Pertamina to explore and develop oil and gas resources in Indonesia

Italian biggest oil and natural gas company Eni Spa had agreed to work with Indonesia's state-owned PT Pertamina to explore and develop oil and gas resources in Indonesia and abroad.

The companies' joint memorandum of understanding also foresees sharing technical know-how, and joint work groups have been set up to identify future projects for the two companies, Rome-based Eni said in a statement.

Eni already is operating in Indonesia , with offshore activities in the deep waters of the Tarakan and Kutei basins, and north of Sumatra. Eni also has been exploring the Tarakan basin for hydrocarbon reserves, and has operations in the Mahakam River delta.