CATEGORIZED | News, The Offshore Frontier

Eni expands West Africa acreage with Liberian acquisitions

Posted on 09 August 2012

Eni has entered the Liberian market with the acquisition of three offshore exploration blocks, the company announced last week. This agreement with Chevron for a 25% interest in the LB 11, LB 12 and LB 14 block expands Eni’s position in the exploration of the West Africa Transform Margin. Those blocks are operated by Chevron, extend over 9,560 sq km and are located on the shelf and continental slope of Liberia in up to 3,000 meters water depth.

Eni has been present in sub-Saharan Africa since the 1960s and now operates exploration and production projects in Angola, Congo, Ghana, Gabon, Mozambique, Nigeria, Democratic Republic of Congo, Togo and Kenya. Its current operated production in the region is approximately 450,000 bbls of oil equivalent per day.

Leave a Reply

*

FEATURED MICROSITES


Recent Drilling News

  • 17 December 2014

    Saudi Aramco: Four factors for a sustainable drilling business

    Despite the modest growth in demand and drop in oil prices today, the long-term outlook for industry is healthy. “Our industry will need to add around 40 million bbl per day for new capacity...

  • 16 December 2014

    Ensco development program produces driller in 3 years

    Ensco’s Accelerated Development Program (ADP) takes a “green” individual and, within a three-year period, trains them to become a driller. In response to personnel shortages in various areas, including drilling...

  • 16 December 2014

    Saudi Aramco: ‘Industry cannot afford to lose talent when the economy is down’

    Industry is facing a human resources challenge in two areas: the ageing workforce and the shortage of skills, Mohammed Al Sellemi...

  • 16 December 2014

    Nanotechnology has potential to improve tool performance in extreme environments

    In terms of temperature stability and corrosion, tools have limitations, especially in extremely challenging drilling environments. Jothibasu Ramasamy...

  • 16 December 2014

    Colville: WCI provides forum to evaluate practical, economical advances in well control practices

    Major players throughout industry are joining forces under the Well Control Institute (WCI). The mandate of WCI is “to provide the definitive forum...

  • Read more news