Watching the World: Dolce vita toughens for Italy

With UK analysts Wood Mackenzie Consultants Ltd. reporting largely static production levels in the Italian oil and gas sector over the last 2 years, ENI SPA's last-minute bid to takeover Lasmo PLC in December-the latest step in company plans to build up its international portfolio while boosting its total output toward the 1.5 million boe/d mark (see related story, p. 24)-is looking to have been timely. On the Italian oil and gas company's home patch, exploration and appraisal (E&A) activity during 1998-2000 has, according to WoodMac figures, done no more than remain on par. Onshore, as the year wound down, 13 E&A wells had been completed or were under way, equal to the number com...

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