The agreement, which is in line with Eni's strategy of strengthening its position in East Europe, will enable the Company to acquire 30% with an option to increase its participation up to 60% in the Pokrovskoe exploration licence.
The Sankofa well results provide evidence of the success of the exploration activities carried out by the Eni-led consortium, in full compliance with safety and environmental protection standards
The well has been drilled at a water depth of 373 metres and encountered a significant hydrocarbon column. Eni is in process in completing drilling of the exploration well. The exploration well will be drilled to a vertical depth of 2,250 metres.
The bonds will enable Eni to maintain a well-balanced financial structure in terms of short term and medium/long-term debt, and may be listed on regulated markets
PRICE SENSITIVE
31 March 2011 - 12:10 PM CEST
press release
Business meetings and agreements | Natural resources
The parties agreed to collaborate on the study of initiatives in conventional and unconventional oil and gas on the basis of a mutual sharing of data, competencies and technology.
Convening of the annual Shareholders' MeetingConsolidated net profit for the year: €6.32 billion; net profit of the parent company: €6.18 billionProposed dividend per share of €1.00
High production growth: > 3% CAGR to 2014Gas sales in Italy and key European markets: +5% CAGR to 2014R&M efficiency program: new target of €200 mln by 2014Sound financial position and sustainable dividend in a 70$/bl scenario
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