Dry Well In The Barents Sea For Eni

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Hira Shahnawaz Akhtar
Published on
Updated on

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…

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Hira is a financial analyst whose expertise lies in commodity and other financial markets. Hira is currently an independent financial consultant and is working with many international firms like American Arab Solutions (AAS). She has previously served as a Senior Research Analyst at Alternate Research (Pvt.) Ltd. as the Team Leader for the International Equities Research. She has also worked as an equities analyst of Pakistani E&P stocks at Invest Capital Markets. She has experience in business development and conducting feasibility studies in commodity markets, specifically in sugar, palm oil and canola oilseeds. She has cleared all three levels of her CFA (Chartered Financial Analyst) and has an undergraduate degree in Finance.