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NO

17 January 2017

Eni Norge awarded three licences

Eni Norge has been awarded three licences as a result of the APA 2016 – Awards in Pre-Defined Areas. Two licences in the Barents Sea and one licence in the Norwegian Sea.

Following the award, Eni Norge is now operator in PL 900 in the Barents Sea, with a share of 90 per cent in joint venture with Concedo with 10 per cent. In PL 901 in the Barents Sea, Eni Norge is partner with 30 per cent share, with Statoil as operator with 50 per cent share and Concedo with 20 per cent.

In the Norwegian Sea Eni Norge is moreover partner in PL 128E with 11.5 per cent shares with Statoil as operator with 63.95 per cent share and Petoro with 24.55 per cent. The licence is adjoining the PL128/PL128D licenses where Statoil and Eni Norge have recently announced the Cape Vulture oil and gas discovery.

Eni is very pleased with these awards, which confirm the Company’s long-term strategy on the Norwegian continental shelf and in the Barents Sea in particular.

The APA 2016 award was announced by the Ministry of Petroleum and Energy on January 17th, 2016.

Eni Norge has been present in Norway since 1965, with current production standing at approximately 180,000 boe per day. Eni Norge is a subsidiary of the international energy company Eni.