Italian oil giant expresses interest in drilling offshore

Minster of Natural Resources, Raphael Trotman (centre) with officials from Italian oil company ENI. (DPI photo)

Italian oil and gas company, ENI is the latest petroleum giant to formally signal interest in drilling for oil here.

The Department of Public Information (DPI) yesterday reported on the visit of an ENI team to Minister of Natural Resources, Raphael Trotman.

ENI joins a list of others including Chevron and Petrobras interested in drilling offshore following the major oil discoveries by an ExxonMobil subsidiary in the Stabroek bloc. The government now faces searching questions on how it is going to apportion the remaining blocks, whether by direct negotiations or auctioning.