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

  • 15 September 2014

    US Treasury announces expanded sanctions with Russian companies

    US Treasury Secretary Jacob J. Lew has announced that persons operating within Russia’s defense and related materiel sector may now be subject to targeted sanctions…

  • 11 September 2014

    Cameron elects Scott Rowe as President and COO

    Scott Rowe will assume the newly created position of President and COO of Cameron, effective 1 October 2014. In his new role, he will report directly to Jack Moore, Chairman and CEO of the company...

  • 11 September 2014

    Statoil, GE and Ferus Natural Gas Fuels expand flare gas solution in Bakken

    A joint venture of GE and Ferus Natural Gas Fuels (Ferus NGF), along with Statoil plan to expand a pilot project to capture flare gas and use it to power up to six...

  • 10 September 2014

    6 elements of successful collaboration among NOCs, IOCs, service companies

    The oil and gas landscape is shifting, with the continuing growth of NOCs and the industry going toward unconventional resources and new frontiers…

  • 09 September 2014

    PTTEP: NOCs, IOCs and service companies must combine strengths to overcome challenges

    As assets become more mature and operations become more complex, industry is challenged with finding economical and environmentally friendly operating strategies...

  • Read more news