Eni Acquires 40 Pct Stake in South Africa’s ER236

Eni has concluded an agreement with Sasol Petroleum International, the upstream O&G subsidiary of Sasol Limited, to acquire a 40% interest and Operatorship in the Exploration Right permit 236 (ER236) in South Africa.

The permit  grants the right to explore for hydrocarbons on a wide offshore unexplored area of 82,000 sqkm  on South Africa’s east coast (Durban and Zululand basins),  Kwazulu-Natal province. The permit was granted to Sasol by the South African regulator Petroleum Agency of South Africa (PASA) in late 2013.

The agreement, which is subject to Government approval, reinforces Eni’s position on the East Africa coast, where Eni is already present with exploration activities in  Mozambique and in Kenya.

The Farm-in agreement forms part of a wider cooperation between Sasol and Eni in Southern Africa  and other areas, mainly focused on maximizing opportunities in the gas value chain.

Press Release, June 10, 2014

Share this article

Follow Subsea World News

Events>

<< Nov 2017 >>
MTWTFSS
30 31 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 1 2 3

Underwater Intervention 2018

UI 2018 will draw the industry’s leaders from across the country and around the globe to gather for 3 days of networking…

read more >

OFFSHORE DECOMMISSIONING CONFERENCE 2017

The conference will build upon previous sell-out events and will encompass numerous keynote sessions all focused on the latest decommissioning…

read more >

Subsea Connect Americas

Subsea Connect Americas is the annual gathering for the submarine communications industry operating in North, South & Central America…

read more >

Future Energy Asia Exhibition & Conference (FEA) 2018

The transformation and development of Thailand is a major priority for the government which creates incredible business opportunities…

read more >