Eni signs agreement with Anadarko for the development of natural gas reservoirs in Mozambique

12/26/2012

Eni signs agreement with Anadarko for the development of natural gas reservoirs in Mozambiqe

MILAN -- Eni has signed a Heads of Agreement (HOA) with Anadarko Petroleum, establishing foundational principles for the coordinated development of common natural gas reservoirs in the offshore Mozambique. The HOA will facilitate a development program whereby Eni and Anadarko will conduct separate yet coordinated offshore activities, spanning both Area 4, operated by Eni and Area 1, operated by Anadarko.

Furthermore, the two companies will jointly plan and construct common onshore LNG liquefaction facilities in the Cabo Delgado province of northern Mozambique. Eni is the operator of Area 4 with a 70% participating interest. The other partners of the joint venture are GalpEnergia 10%, KOGAS 10% and ENH 10%, carried through the exploration phase.

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