BIT:ENIOil and Gas
Is Eni’s New Searah Gas JV Reshaping The Investment Case For Eni (BIT:ENI)?
Earlier this month, Eni and Malaysia’s Petronas formally launched Searah, a 50:50 joint venture combining 19 upstream oil and gas assets across Indonesia and Malaysia, with initial output above 300,000 barrels of oil equivalent per day and a US$6.00 billion revolving credit facility backing a planned US$20.00 billion investment pipeline.
The creation of Searah positions Eni as a co-owner of one of South-East Asia’s largest independent gas-focused producers, giving it scale, shared capital...