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22 Jul 2026

What Is Eni’s Dual Exploration Model?

Eni's dual exploration model is its practice of making large oil and gas discoveries in frontier basins, then selling minority stakes to partners soon after the find, at a premium, while keeping operatorship. The Italian major says the strategy has raised more than 13 billion dollars since 2013 and helped fund development without new debt. This answer explains how it works, the landmark deals from Zohr to Baleine, and how it connects to Eni's satellite model.

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