Italian energy company Eni said Friday it grabbed a stronger hold over a reservoir in Kazakhstan it said has a “significant” potential for oil resources. The Kazakh government and a state-controlled energy company transferred 50 percent of their subsoil usage rights in the Isatay basin in the Caspian Sea over to Eni so it can move on with an exploration and production campaign. “The block is estimated to have significant potential for hydrocarbon resources, which are geologically not complex and technologically developable in short time” the Italian company said in a statement. Eni has historically been consolidating its position in the Isatay basin, but has offered no formal estimate of the […]