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

  • 26 January 2015

    Young professionals program at SPE/IADC Drilling Conference to target future leaders of the industry

    The oil and gas industry is constantly looking to the future. Whether this comes in the form of pushing the limits of pressure...

  • 22 January 2015

    Tullow Oil moves ahead with exploration, appraisal drilling onshore Kenya

    Tullow Oil has announced updates on several onshore projects in Kenya, including the Expir-1 exploration, Engomo-1 exploration, the Ngamia and Amosing...

  • 22 January 2015

    Petrobras reduces operating costs, time with new pre-salt subsea equipment deployment technique

    At the end of last year, Petrobras deployed its first wet Christmas tree using cables in the pre-salt area. The main change involved was the use of a subsea equipment...

  • 22 January 2015

    XACT, BP complete first deepwater deployment of SandSentry Acoustic Telemetry Network in Gulf of Mexico

    XACT Downhole Telemetry, in conjunction with BP, recently completed the first operational field trial of the SandSentry Acoustic Telemetry Network in the deepwater Gulf of Mexico...

  • 21 January 2015

    University of Houston to lead subsea engineering research center

    The University of Houston (UH) will lead a national research center for subsea engineering and other offshore energy development issues, including research and technology…

  • Read more news