![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Wednesday, November 28, 2007 10:59:26 PM
Eni owns lease interests in 439 GoM blocks, 72% of which are in deepwater.
In the USA, Eni is present in the GoM, where it is among the leading producers with a daily net production of approximately 110,000 barrels of oil equivalent (60% operated)
http://www.euro-petrole.com/ne_03_actualite_i_details.php?idNews=1554
Then I found this..
"Saipem awarded new offshore drilling contract for USD 860 million
San Donato Milanese (Milan), 12 November 2007 – Saipem has been awarded a five-year contract for the charter of the newly built deepwater semi-submersible drilling rig Scarabeo 9. The contract is worth in excess of USD 860 million.
The contract, signed with Eni, is for drilling operations mainly in the Gulf of Mexico, and will be executed between the end of 2009 and the end of 2014.
The new rig is currently under construction at the Chinese yard of Yantai Raffles Shipyard and the rig delivery is scheduled for the fourth quarter of 2009."
"Saipem, 43% owned by Eni, is organised in three Business Units: Offshore, Onshore and Drilling, with particular expertise in oil & gas related activities in remote areas and deepwater."
http://www.saipem.eni.it/comunicati/inglese/pr2007/PR_07-11-12_Sc9.htm
Then going back to the DPDW April 07 PR
DEEP DOWN ANNOUNCES FIRST QUARTER ORDER ACTIVITY
During the first quarter of 2007, Deep Down received a number of significant orders that not only are expected to generate significant revenue, but made important inroads into several of Deep Down’s growing market channels,” commented Robert E. Chamberlain, Jr., Deep Down’s chairman. The Company received a flexible pipe retrieval, termination, and installation contract from Saipem America, Inc., marking our continuing expansion into the flexible pipe market."
http://www.deepdowninc.com/Press/2007/news_04-24-07a.htm
i see DPDW has worked on at least 3 other ENI projects in the past.
I don't think those growing market channels he mentioned are just plain ole ocean channels.
Recent KLNG News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/06/2024 08:05:33 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/06/2024 08:05:14 PM
FEATURED Element79 Gold Corp Announces 2024 Clover Work Plans & Nevada Portfolio Updates • Sep 10, 2024 11:00 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM
Nightfood Holdings Inc. Completes Major Step on Uplist Journey by Closing Strategic All-Stock Acquisition of CarryoutSupplies.com • NGTF • Sep 10, 2024 8:15 AM
Element79 Gold Corp. Announces Sale of 100% Interest in Elder Creek, North Mill Creek, and Elephant Projects to 1472886 B.C. Ltd. • ELEM • Sep 9, 2024 9:34 AM
North Bay Resources Commences Gold Shipments, Fran Gold Project, British Columbia; Enters Taber Gold Mine JV, Sierra County, California • NBRI • Sep 9, 2024 9:15 AM
Simple Stock Loans Announces Unique Solutions For Investors Looking for Alternative Liquidity Amidst Recent Small Cap Rally Sep 6, 2024 9:30 AM