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February 26, 2015

Eni signs two energy development agreements with Congo

Eni has signed two agreements with Congo for energy development and local growth in the country.

Eni

Eni has signed two agreements with Congo for energy development and local growth in the country.

The deals were signed by Eni CEO Claudio Descalzi in the presence of the President of Congo Denis Sassou N’Guesso, and Italian Prime Minister Matteo Renzi.

Further details on the transactions are not known.

Eni has been operating in Congo since 1968 in the exploration and production of hydrocarbons, oilfield services, construction and engineering sector.

The company currently produces around 110,000 barrels of oil per day of equity production in the country.

"The company currently produces around 110,000 barrels of oil per day of equity production in the country."

Eni has recently started production at the Nené Marine field, which is located in Marine XII Block, about 17km from the Congo coast.

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The company has discovered about 3.5 billion barrels of oil equivalent of resources in the Congolese Marine XII Block in recent years.

In October 2014, Eni discovered oil in the Minsala Marine exploration prospect, located in the Marine XII Block.

The company operates Marine XII with a 65% stake held by its subsidiary Eni Congo.


Image: The deals were signed by Eni CEO Claudio Descalzi in the presence of the President of Congo Denis Sassou N’Guesso, and Italian Prime Minister Matteo Renzi. Photo: courtesy of Eni.

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