ENI Sells Non-Strategic Interests in North Sea

As part of the ongoing program to rationalize Eni's asset in the North Sea, aimed at focusing the company's resources on strategic assets, Eni sold interests in the Markham gas field, in the J3C gas field and in the exploration block 43/20d to the British Company CH4 Energy Limited. All the interests are located in the Southern North Sea.

The overall production of Markham and J3C gas fields is about 4 thousand barrels of oil equivalent per day.

The agreement between Eni and CH4 is subject to the normal regulatory approvals.