London, July 31, 2014 – Claudio Descalzi, Eni’s CEO, is today updating the financial community on Eni’s medium term strategy and objectives.
The Joint Venture is between Eni, the Operator with a 90% participating interest through Eni Myanmar B.V, and the Myanmar Production and Exploration Company Ltd (10%).
San Donato Milanese, July 31, 2014 - Eni, the international oil and gas company, today announces its group results for the second quarter and first half of 2014 (unaudited).
The total estimated potential of these discoveries is approximately 3 billion boe, with potential for further improvement.
Following the purchases announced today, considering the treasury shares already held, on 25 July 2014 Eni holds n. 24,603,637 shares equal to 0.68% of the share capital.
"The marketing of our LDPE and EVA through our partnership with CB&I has come to be part of the strategy Versalis is pursuing to strengthen its positioning internationally" ,said Daniele Ferrari, Chief Executive Officer of Versalis.
Following the purchases announced today, considering the treasury shares already held, on 18 July 2014 Eni holds n. 24,152,537 shares equal to 0.66% of the share capital.
The agreement comes as a result of negotiations with the Congolese government that has led to the extension of permits around strategic resources.
The West Hub project is the first development that will come on-stream among the blocks awarded in Angola's 2006 licensing round.
Following the purchases announced today, considering the treasury shares already held, on 11 July 2014 Eni holds n. 23,690,087 shares equal to 0.65% of the share capital
Eni’s decision to sell its share in the company is part of its strategy of rationalizing its mid-downstream portfolio, exiting regulated gas transport assets. Eni remains actively involved in the commercialisation of natural gas in Germany through its commercial branch in Dusseldorf.
For the transmission of the Regulated Information Eni uses SDIR-NIS, run by BIt Market Services S.p.A., a subsidiary of the London Stock Exchange Group, established in Piazza degli Affari n. 6, Milan. For the storage and filing of regulated information, Eni has adhered to the centralized storage device authorised by Consob called "1Info", which can be consulted on the website www.1info.it, and managed by Computershare S.p.A., with registered office in Milan at 19, Via Lorenzo Mascheroni.