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After Leading Oil Industry on Exploration, Eni Seeks to Cash In

  • Italian oil major uses super-computer to vet potential finds
  • Eni in "advanced" talks to sell minority stakes in fields
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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 meters underground, is part of Eni’s bet on exploring for new fields. In the last decade, the company has spent $41 billion drilling dozens of wells from Mozambique to Pakistan and Angola.