Your account already exists. Please login first to continue managing your settings.
Eni has signed a sale and purchase agreement with Chevron for a 25% interest in the LB 11, LB12 and LB14 blocks offshore Liberia.
Blocks LB 11, LB12, and LB14 are operated by Chevron, extend over 9,560 sq km (3,691 sq miles) and are located on the shelf and continental slope of Liberia between 0 m and 3,000 m (9,843 ft) of water depth.
The joint venture is composed of Chevron (45%), Eni (25%), and Oranto (30%).
With this agreement, Eni is expanding its position in the exploration of the West Africa Transform Margin. Eni has been present in Sub Saharan Africa since the 1960s and is now operating E&P 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 boe/d.