Eni signs UAE E&P agreements

Eni has signed an exploration and production sharing agreement and joint operating agreement covering block A offshore Ras Al Khaimah, United Arab Emirates.

Block A covers an area of 2,412 sq km, with water depths ranging from 10 to 90 metres. Eni will act as operator, with a 90% participating interest. The remaining 10% stake will be  held by Ras Al Khaimah’s national oil company RAK Gas.