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In the last three years, in the Western Desert of Egypt Eni has doubled its oil production through exploration of deep sequences.
Eni was today awarded by the Ministry of Petroleum and Energy two exploration licenses in the Barents sea and in the North Sea as part of the Norwegian Award in Pre-Defined Areas (APA) 2014. With these awards, Eni confirms its long-term strategy on the Norwegian continental shelf, in particular in the Barents Sea.
The bonds will enable Eni to maintain a well-balanced financial structure in terms of short term and medium/long-term debt and average duration of the debt.
Eni owns a working interest of 8.5% in the field operated by Anadarko and holds also a 30% working interest in the nearby Hadrian South gas field.
In Block 15/06, acquired in 2006 following an international bid round, Eni has drilled 24 exploration and appraisal wells, discovering over 3 billion barrels of oil in place and 850 million barrels of reserves.
The temporary restart of Porto Marghera’s cracker confirms Versalis’ technological and industrial ability and allows the company to explore an interesting opportunity without disrupting the site’s general development strategy.
The signature of these two new concession agreements follows that of Southwest Meleiha Block recently awarded, further strengthening Eni’s position in Egypt, a country of historic and strategic importance for the Company, and relaunching Eni’s exploration activities in the Egyptian’s offshore.
The acquisition strengthens Eni’s position in Egypt
The result was achieved just eight months after obtaining the production permit.
A new license within the Croatian Offshore Licensing Round. The assignment will be formalised by April 2015.
Versalis (Eni) has announced the signing of a firm agreement with Sarlux (Saras) that officially formalizes the transfer of the plants of the Sarroch site (Cagliari, Sardinia).
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