The Marulk field is the first field that Eni has directly operated in Norway and is part of the PL122 license held by Eni (20%) with Statoil (50%) and DONG (30%).
The first SBK round in Europe marks the start of this partnership, which complements Eni's previous role of technical partner alongside teams, riders and manufacturers.
Eni CEO Paolo Scaroni commenting on the agreement said: "I'm very pleased with today's agreement as it enables us to maximise the value of our holding in Galp with more flexibility. It has been a successful investment for Eni to date and remains a business with attractive exposure to high growth markets. Our focus however is on managing assets as an operator where we believe we can create value for our shareholders".
Eni: new important success in Mozambique, Area 4 potential enhanced further with Mamba North East 1 results
This new discovery further improves the potential of the Mamba complex in Area 4 offshore Mozambique now estimated at at least 40 tcf of gas in place.
E&P: high growth in production; > 3% CAGR to 2015G&P: market consolidation in key segments with gradual recovery of margins R&M: revival of efficiency and optimization program. Targeting EBIT improvement of €550m by 2015Chemicals: refocusing on specific products with high added value; targeting EBIT improvement of > €400m by 2015Sound financial position and sustainable dividend
Convening of the Annual Shareholders' MeetingConsolidated net profit for the year: €6.86 billion; net profit of the parent company: €4.21 billionProposed dividend per share of €1.04
interim dividend for the year 2012: from 13 September 2012 to 20 September 201230 April, 7 May and 8 May 2012: 1st, 2nd, 3th Extraordinary Meeting call
The bonds will enable Eni to maintain a well-balanced financial structure, in terms of short term and medium/long-term debt.
The well was drilled at a water depth of 388 metres, it has reached a total depth of 1,740 metres and is located approximately 3 kilometres from the Skrugard-1 discovery.
Eni and Gazprom reach agreement on gas supply contracts and discuss actions for the expedited construction of the South Stream gas pipeline
The parties discussed current issues and prospects for further cooperation in the energy sector.
Eni sells its interests in Interconnector (UK), Interconnector Zeebrugge Terminal and Huberator to Fluxys G and Snam
The transaction is part of Eni's strategy to rationalize its non-core asset portfolio at the best conditions and focus on value creation for its shareholder