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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
Thursday, November 19, 2015 - 05:50

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Mr Descalzi says Eni prefers to sell a portion of any discovery, retaining a holding of 30 to 50% while remaining the operator.

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

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