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NATURAL RESOURCES

Vår Energi AS (Eni 69.6%) has been awarded 13 licenses in Norway

Eni through Vår Energi, jointly owned by Eni (69.6%) and by HitecVision (30.4%), has been awarded a total of 13 licenses in the Awards in Predefined Areas 2018 (APA) by the Ministry of Petroleum and Energy of Norway (MPE).

San Donato Milanese (Milan), 18 January 2019 - Eni through Vår Energi, jointly owned by Eni (69.6%) and by HitecVision (30.4%), has been awarded a total of 13 licenses in the Awards in Predefined Areas 2018 (APA) by the Ministry of Petroleum and Energy of Norway (MPE).

The company has been granted the following 4 operatorships and 9 partnerships in licenses covering all the three main oil and gas provinces in the Norwegian Continental Shelf (NCS):

North Sea: PL 985 and PL 980 as operator and PL 987, PL 988, PL 984, PL 978, PL 977;

Norwegian Sea: PL 1010, PL 1001, PL 1005, PL 796 B;

Barents Sea: PL 1025 S and PL 229 E as operator.

The results of the APA 2018 are fully aligned with Vår Energi strategy to further strengthen its position as a major independent E&P company on the NCS. The new licenses will increase the portfolio around operated hubs and open new growth opportunities in other areas.

Eni’s CEO Claudio Descalzi declared: “The award of these exploration licenses represents a further acknowledgement of our skills to operate in complex contests both from a technical and an environmental stand point”.

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