Overview

Iraq

In detail:

  • Eni’s activities in the Upstream sector
  • Eni’s activities in the Gas & LNG Marketing and Power sector
  • Eni offices and contacts in the United Arab Emirates

Upstream

In the upstream sector, in March 2018, Eni signed, with the state company ADNOC Offshore, two Concession Agreements for the acquisition of a 5% stake in the Lower Zakum offshore oil field and of a 10% stake in the oil, condensate and gas offshore fields of Umm Shaif and Nasr, for a total participation fee of about 875 million US dollar and a duration of 40 years.

Lower Zakum is located about 65 kilometers off the coast of Abu Dhabi. The discovery dates back to 1963 and production began in 1967. It has a target production of 450,000 barrels of oil per day. Umm Shaif and Nasr are located about 135 kilometers from the coast of Abu Dhabi and have a target production of 460,000 barrels of oil per day. In both concessions, ADNOC owns a 60% stake. The agreements represent a strategic move for Eni gaining access to a Country with hydrocarbons reserves among the largest in the world.

Gas & LNG Marketing and Power

Eni’s current presence in the country is mainly focused in the Gas & LNG Marketing and Power sector and linked to the sale of LNG, conducted through the jointly owned company, Union Fenosa Gas SA. 

Offices and contacts

Upstream

Eni Iraq B.V. Dubai Branch -

11th Floor - Cluster O - Reef Tower –

Jumeirah Lake Towers, Dubai

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