Eni Wins Four New Exploration Permits in Libya

Eni has won 4 exploration permits in Libya as a result of an international tender made by the Libyan Government. The exploration permits cover an overall area of 17,876 square kilometers and are located in the Murzuk and Kufra southern basins, in the southern part of the country. As a result of the permits acquired in Murzuk, Eni has strengthened its position in a high potential region where the El Feel giant field has already been producing.

The area awarded in the Kufra basin represents an important commitment in an equally high potential territory in the South-Eastern part of the Libyan desert. The exploration activity of Eni includes 6 new exploration wells and 7,500 km of seismic surveys.

Eni has been awarded the greatest number of permits as an operator in a tender which received applications from over 50 foreign companies, demonstrating the success of Eni's strong commitment to Libya.

Eni has been present in Libya for approximately 50 years and it has recently completed 2 major projects in the Country on time and within budget. These are the development of the oil field of El Feel in the Murzuk, which will reach a production of 150,000 barrels of oil equivalent per day and the Western Libyan Gas Project, which will allow a production of 10 billion cubic metres of gas per year, 8 billion of which is to be exported to Italy through the trans-Mediterranean Greenstream pipeline.

In Libya, Eni equity production is about 190,000 boe per day.