10 June 2011
Eni reinforces its long term commitment in Norway
PRESS RELEASE: The Norwegian Parliament today approved the plan for development and operation (PDO) of Ekofisk South and Eldfisk II of which Eni holds a 12.39 percent share. The approval marks to the day 40 years of oil production on Ekofisk, the first field to go on stream on the Norwegian Continental Shelf (NCS).
The investment plan will allow for 40 additional years of production on Ekofisk, reinforcing Eni’s long term commitment on the NCS, maintained since the Ekofisk discovery. The production licence 018 consists of operator ConocoPhillips (35.11 %), Total (39.90 %), ENI (12.39%), Statoil (7.60%) and Petoro (5.00%).
Eni has been present in Norway since 1965, as one of the first oil companies to be established in the country, with current equity production of approximately 130,000 boe/day. Eni operates in Norway through its subsidiary Eni Norge and is the operator of the ongoing development of the first oil field in the Barents Sea, the Goliat discovery, and of the Marulk gas field in the Norwegian Sea.
Eni holds a 30 percent share in the recent Skrugard discovery in the Barents Sea, making the company a major player in the region, which includes interests in a total of 10 production licences.
Furthermore Eni has interests in a number of exploration licences and fields under development and in operation, including, Norne, Åsgard, Heidrun, Kristin, Mikkel and Urd, in addition to Ekofisk.
Eni Norge is part of the Italian major integrated energy company Eni, having activities in more than 70 countries.
Phone: 52 87 49 68
Mobile: 926 16 759