Italian energy company Eni said it secured a production sharing contract to help develop oil fields off the eastern coast of Mexico. Eni said it won all of the shares in three oil fields included under what the Mexican government categorized as Area 1 during the latest government auction. The Italian company said the combined reserves for the three fields are approximately 800 million barrels of oil and 480 billion cubic feet of associated gas. Eni said it would move quickly on an appraisal campaign to confirm the reserve estimates with the ultimate goal of fast-track development. “Area 1 will be operated by the new company Eni Mexico,” the company added. Eni was among the largest winners in the Mexican auction. The Wall Street Journal reports two areas on […]