(Bloomberg) -- Eni SpA, Europe's fourth-largest oil company, agreed to buy Dominion Resources Inc.'s exploration and production assets in the Gulf of Mexico for $4.8 billion, to triple its output from the region.
The purchase will boost Eni's production in the Gulf to 110,000 barrels of oil equivalent a day by the second half of 2007, from 36,000 barrels a day currently, the Rome-based company said today in a statement distributed by the Italian Stock Exchange.
Read more at Bloomberg Currencies News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment