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NO

1 July 2010

Goliat contract to Arendal

PRESS RELEASE: Eni Norway and partner Statoil have on behalf of the Goliat license (PL 229/PL 229B) signed a contract with APL in Arendal for the delivery of a complete Offloading Station to be installed on the Goliat FPSO. The contract has a value of 93 million.

The direct loading system is specially designed for the Goliat FPSO to reduce environmental risks in connection with the offloading process. Due to the cylindrical shape the FPSO will remain in a geostationary position. Consequently the distance between the shuttle tanker and the installation is increased. This is one of several measures that will prevent possible collision while offloading. Furthermore the visual inspection during offloading will be improved allowing for quick detection of potential irregularities.

The offloading system will be designed in Arendal and installed on the Goliat FPSO which will be built at the South Korean shipyard Hyundai Heavy Industries.

Per date more than 50 percent of the total contract values for the Goliat development has been awarded to Norwegian suppliers. Goliat is scheduled to be in production during 4Q 2013.

Operator of the Goliat field is Eni Norway AS (65%) together with partner Statoil Petroleum AS (35%). The development of Goliat will be the first development of an oil field in the Norwegian sector of the Barents Sea.

Eni Norge is part of Eni, the Italian major integrated energy company with activities in more then 70 countries.

Contact person in Eni Norge AS:
Andreas Wulff
Communication Manager
Phone: +47 52 87 49 68
Mobile: + 47 926 16 759
andreas.wulff@eninorge.com