The sale will raise a total of approximately 1,068 million Swiss Francs for Eni’s participation in the Transitgas system and around 60 million Euros for its participation in TENP system.
Eni is strongly committed to an early development of the significant and known resources in this mature exploration area, where an exploration/appraisal well is expected to be drilled and tested as early as the second half of 2012.
For the first time in Italy, The adoration of the Shepherds by Georges de La Tour will be shown together with one of the most famous masterpieces by the painter from Lorraine, St Joseph the Carpenter, in the now annual exhibition at Palazzo Marino organised by Eni in collaboration with the City Council of Milan and the Louvre Museum.
In the meeting, the parties talked about the important results achieved through recent exploration in Angola, including the discoveries made in offshore block 15/06, the high mineral potential areas, and progress achieved by the company in implementing the current projects under development.
Eni has been operating in Indonesia since 2001. The company holds working interests in fourteen permits and operates eight of them. The offshore activities are located in the Tarakan and Kutei Basins, offshore Kalimantan, north of Sumatra and West Timor.
The restart of gas production from the offshore platform of Sabratha is another important step in progressively restoring production activities in all fields in Libya
Snapshot:Oil demand: + 3.4% in 2010 vs 2009, sustained by non-OECD countriesWorld oil production: +2.3% globally; -8.1% in Europe 2010 vs 2009Gas consumption: + 7.5% vs 2009In 2010 Russia regained its leading position in natural gas productionRefineries average utilization rates at 80%
Adjusted operating profit: €4.61 billion in the quarter (up 12%); €13.71 billion in the nine months (up 9%);Hydrocarbon production still affected by the Libyan disruptions: down by 13.6% in the third quarter of 2011 to 1.47 mmboe/d (down by 12.4% in the nine months). When excluding price effects and the impact of lower Libyan output, production for the quarter was unchanged (down 0.8% in the nine months).
The discovery of gas made in the exploratory prospectus of Mamba South 1 is about 50% larger than what announced by the Company on October 20th.
The research on "Anti-corruption and the private sector - the role of corporate anti-bribery programs", will be conducted by experts from Eni’s legal department and five academic institutions coordinated by ISPAC.
The Mamba South 1 discovery well is located in water depths of 1585 meters approximately 40 km off Cabo Delgado coast, in the Northern offshore of Mozambique. This is the first exploration well in Area 4.
The two participants examined the ongoing situation and the prospects of cooperation development in the oil & gas sector.