Eni to sell Pakistan assets

Eni is to sell its Pakistan oil and gas assets to Prime International Oil & Gas, a newly established company created by Eni’s former local employees team and Hub Power Company, the largest independent power producer (IPP) in Pakistan.

The assets include interests in eight development and production leases in the Kithar fold belt and the Middle Indus basins, and four exploration licences in the Middle Indus and Indus offshore basins. Eni’s main permits covered by the sale include Bhit/Badhra (40% working interest) and Kadanwari (18.42%) as well as permits for Latif (33.3%), Zamzama (17.75%) and Sawan (23.7%).