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>

<< Mar 2015 >>
MTWTFSS
23 24 25 26 27 28 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 1 2 3 4 5

Deepwater East & Southern Africa 2015

This event is a two-day conference & exhibition with extensive presentations on all aspects of the East & Southern Africa offshore sector…

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 >

The 5th International Offshore Engineering Technology & Equipment Exhibition

China Maritime-The 5th International Offshore Engineering Technology & Equipment Exhibition (CM) will be held in Beijing on March 26-28, 2015…

read more >

OMC 2015

OMC 2013 reached over 13,700 participants, an increase of 31% compared to 2011, from 32 countries worldwide, a sign that both the conference…

read more >