Eni has finalised a farm-in agreement with Total to acquire a 50% participating interest in Block 11 offshore Cyprus, increasing its presence in acreage close to the giant Zohr gas discovery. Total will remain operator and a well is planned on the block this year. Eni holds exploration rights on blocks 9, 3 and 2, and has been chosen as preferred bidder for blocks 6 and 8 in Cyprus’s third licensing round.
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