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Eni and KrisEnergy snap up Neon’s acreage offshore Vietnam

12th August 2014

Following the withdrawal of Neon Energy, a deed was executed on 11 August 2014 between Eni Vietnam B.V., KrisEnergy and Neon Energy to divide ownership of the latters assets in the Vietnam contract areas, Block 105 and Block 120

Eni and KrisEnergy snap up Neon’s acreage offshore Vietnam
The completion of such transfers is pending government approval.

The deed formalises and effects the default settlement and transfers of Neon Energy’s 25 per cent working interests in Block 105 and Block 120 to Eni Vietnam and KrisEnergy, proportionately.

The completion of such transfers is pending government approval.

Upon completion, Block 105 will be held by Eni Vietnam (66.67 per cent) and KrisEnergy (33.33 per cent) and Block 120 will be held by Eni Vietnam (66.67 per cent) and KrisEnergy (33.33 per cent).

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