Eni Said to Delay India Exploration on BP Spill, Rig
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Eni SpA, Italy’s largest oil and gas company, may delay exploration of an offshore field in India by at least a year, said two people with knowledge of the plans.
Eni, which owns the Andaman block with Oil & Natural Gas Corp. and Gail India Ltd., is reconsidering the risks of deepwater exploration following the BP Plc accident in the Gulf of Mexico, one of the people said. Difficulties in sourcing a rig may also push back drilling until at least the second half of next year, the people said, asking not to be identified because the matter is confidential.