The company plans to acquire 3D seismic surveys and drill two exploration wells at 15,600km2 acreage covering the two blocks 105-110/04 and 120.

The Song Hong Basin is expected to have 10% of the country’s hydrocarbon resources, mainly gas, and significant discoveries.

Eni have 50% interest in the block and is the operator while both KrisEnergy and Neon Energy hold 25% interest each respectively.

Eni is an integrated energy company, with activities of finding, producing, transporting, transforming and marketing oil and gas.