Local press reported in June 2020 that Eni would be looking at divesting its 40% non-operating stake in the C.C 6.EO exploitation concession covering the Vega oil field in the Sicily channel. The information was confirmed by the CEO of Energean â the company in the process of acquiring Edison E&P, the operator of the field - in an interview to an Italian energy media published on 14 July 2020.   Edison and Eni have been trying to progress with the "Vega B" development project since 2012. It aims at unlocking 30.9 MMbbl of recoverable reserves trapped in the Vega B structure. It includes the installation of the âVega Bâ new well-head platform located in 130 m of water approximately 6 km west-northwest of the existing âVega Aâ platform, the drilling of 12 single-completion directional wells, the laying of two subsea pipelines linking the two platforms and the upgrade of the âVega Aâ platform. To date, only four wells have received the approval from the environmental authorities, while the environmental impact assessment (EIA) for the eight remaining wells was rejected in mid-2019.  Located 20 km off the southeastern coast of Sicily between Marina di Ravenna and Pozzallo, the Vega field was discovered by Seagull Exploration Italy in March 1981 and put on-stream in 1987. The production was suspended between 2007 and late-2009 to allow the construction and installation of a new Floating Storage and Offloading system (FSO "Leonis") tied into the platform via three underwater pipelines. As of 31 December 2019, it has produced 66.3 MMbbl of oil (15-16Â° API) and 3.6 Bcfg from one reservoir located below 2,422 m in the Siracusa Formation (Hettangian-Pliensbachian). 2P reserves at production start-up were estimated at 95 MMbbl of oil. According to the latest available figures, the field was producing at an average rate of 2,137 bo/d in March 2020.  Originally covering 91 sq km off Ragusa, the C.C 6.EO concession was awarded to a group led by Montedison on 28 December 1982 for a 30-year period. The concession area was increased to 185 sq km in April 1984 and renewed for 10 years in 2012. In May 2020 Edison applied for a reduction of the surface to 93.83 sq km.  Edison E&P SpA operates the concession with a 60% interest and Eni SpA is a partner with a 40% interest.
Italy (Pelagian B.), Eni could be looking into selling its 40% stake in the C.C 6.EO exploitation lease containing the Edison-operated Vega oilfield in the Sicily channel. C.C 6.EO operated by EDISON (60%), ENI SPA (40%).