Eni signed a production Sharing Contract to explore, with a 100 per cent equity interest, the Dumre Block, in the onshore of Albania.
The deal was signed in the presence of the Albanian Prime Minister, Edi Rama, Eni’s CEO Claudio Descalzi, signed with the Ministry of Infrastructure and Energy Belinda Balluku, following a competitive bid launched in September 2019 by the Albanian National Agency for Natural Resources (AKBN).
The Dumre Block covers an area of 587 sq-km and is located approximately 40 km south of the capital Tirana, in a “proven” hydrocarbon area with good oil prospectivity.
“The new entry after 20 years in Albania, in the Dumre Block, represents a very important step for Eni, which is committed with its competences, know-how and sustainability drivers to help developing a key country of the Balcan region and Italy’s strategic partner,” commented Eni’s CEO, Claudio Descalzi.
With the award of Dumre Block, Eni, which is the operator through the new subsidiary Eni Albania, said it took the commitment to drill an exploration well and looked forward to closely work with the Albanian Authorities to contribute to the economic growth of Albania as a strategic partner.