The Norwegian Barents Sea has always been of strong interest for international oil companies, but in recent months, exploration activity has amplified in this area. However, Eni Norge AS, a subsidiary of the Italian oil giant Eni SpA (ADR) (NYSE:E) (BIT:ENI), ran into some disappointment recently when the first well in one of the new areas it was venturing into ended up dry.
Wildcat well production license to Eni
Eni SpA (ADR) (NYSE:E) (BIT:ENI) is the operator of the production license 529 and was drilling the wildcat well 7016/2-1. The license to this area was granted to Eni in May 2009 which holds 30% interest in the block....


