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Eni seeks to cash in on its oil exploration lead
It is selling stakes in its discoveries to help finance the development of its projects
Add BT as a preferred sourcePublished Wed, Nov 18, 2015 · 09:50 PM
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London
ONE of the most cherished assets held by Italy's largest oil company, Eni SpA, isn't a refinery or an oilfield - it sits inside a building in the small town of Ferrera Erbognone near Milan: one of the world's fastest super- computers.
The giant machine, used to generate detailed views of oil reservoirs buried thousands of metres underground, is part of Eni's bet on exploring for new fields. In the last decade, the company has spent US$41 billion drilling dozens of wells from Mozambique to Pakistan and Angola.
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