Eni Buys Stake in Liberia Offshore Blocks

Eni Buys Stake in Liberia Offshore Blocks

Eni has signed a sale and purchase agreement with Chevron for a 25% interest in the LB 11, LB12 and LB14 blocks offshore Liberia.

Blocks LB 11, LB12 and LB14 are operated by Chevron, extend over 9,560 square kilometres and are located on the shelf and continental slope of Liberia between 0 and 3,000 metres of water depth.

The Joint Venture is composed of Chevron (45%), Eni (25%) and Oranto (30%).

With this agreement Eni is expanding its position in the exploration of the West Africa Transform Margin. Eni has been present in Sub Saharan Africa since the 1960’s and is now operating exploration and production projects in Angola, Congo, Ghana, Gabon, Mozambique, Nigeria, Democratic Republic of Congo, Togo and Kenya. Its current operated production in the region is approximately 450,000 barrels of oil equivalent per day.

Press Release, August 02, 2012;  Image: Chevron

Share this article

Follow Subsea World News

Events>

<< May 2015 >>
MTWTFSS
27 28 29 30 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

4th Annual Advanced Submarine Power Cable and Interconnection Forum

Assess Business Opportunities and Lower Operational Costs through Effective Cost Reduction Techniques, Advanced Technology and Innovation

BIS Group’sAdvanced Submarine Power Cable and Interconnection Forum” will showcase analytical insights into how industry leaders are optimizing their performance, minimizing environmental impacts while optimizing cable protection, meet and keep up with increasing demands, explore new possibilities and market trends, analyze the risks and get an overview of current HVDC projects.

This two day intimate forum followed by half a day workshop is designed exclusively for senior executives, key experts and decision-makers in the industry. It is to discuss, brainstorm, share experience and partake in exclusive networking sessions in a flexible and dynamic platform – together shaping the future of the market.

Prices start at €2.799,-

REGISTER HERE

         More Info

read more >

Transnational Oil, Gas and Energy Law

Study a Unique Online Learning Programme that is Highly Relevant to Today’s International Market…

read more >

Fundamentals of Offshore Field Development

The course delivers the detailed knowledge required, along with management strategies, for you to successfully engage in the sector…

read more >

OTC Houston

OTC gives you access to leading-edge technical information, the industry’s largest equipment exhibition, and valuable new professional…

read more >