Eni sells Pakistan assets to Prime International

Eni agreed to sell its shares in its entities in Pakistan to Prime International Oil & Gas Company, a newly established company formed by former Eni employees and Hub Power Company Ltd, the largest independent Pakistani power producer.

The activities covered by the agreement include interests in eight development and production leases in Kithar fold belt, Middle Indus basins, and four exploration licences in Middle Insud and Indus offshore basins.

Eni’s main permits are in Bhit-Badhra (40% working interest) and Kadanwari (18.42% working interest). Other shares are Latif (33.3%), Zamzama (17.75%), and Sawan (23.7%).

Source: Oil & Gas Journal