(Aug. 2) – Eni has signed a sale and purchase agreement with Chevron for a 25% interest in the LB 11, LB12 and LB14 blocks offshore Liberia. Operated by Chevron, the three blocks extend over 9,560 square kilometers and are located on the shelf and continental slope of Liberia between 0 and 3,000 meters 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. The Italian company has been present in Sub Saharan Africa since the 1960’s and is now operating 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 barrels of oil equivalent per day. (red)
