15 June 2012 17:24 [Source: ICIS news]
LONDON (ICIS)--Eni has signed an agreement to extract shale gas in the ?xml:namespace>
Eni said it has signed a share purchase agreement with Ukrainian state-owned national joint stock company Nak Nadra Ukrayny and independent oil and gas exploration, development and production company Cadogan Petroleum to acquire a 50.01% stake and operatorship in Ukrainian company LLC Westgasinvest.
LLC Westgasinvest holds the rights to nine shale gas license areas in the Lviv Basin of Ukraine, totalling approximately 3,800 square kilometres of acreage.
Financial details of the deal were not disclosed.
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