ENI Awarded Five GOM Exploration Blocks

Italy's ENI reported Friday that it has been awarded five offshore exploration blocks in the Gulf of Mexico. ENI was the highest bidder for five offshore exploration blocks within the Central Gulf of Mexico Lease Sale 227 that took place in New Orleans.

The blocks are located in the Mississippi Canyon and Desoto Canyon, in water depths of 1,400 feet to 8,000 feet. ENI said they consolidate the firm's acreage position in two key areas in the Gulf of Mexico, where the company currently holds a total of 174 exploration leases.

ENI holds lease interests in 281 blocks in the Gulf of Mexico and is one of the leading producers in the area. The firm's total daily net production in the US is currently around 88,000 barrels of oil equivalent.

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