Eni, Sonangol to Jointly Evaluate Angolan Onshore Basins for E&P Potential

Eni has signed an agreement pertaining to the Memorandum of Understanding jointly signed in August 2008 with Angola's state oil company Sonangol.

The agreement foresees a joint study that evaluates areas of the highly prospective Angolan onshore basins and their production potential for further upstream sector initiatives.

The signature of this agreement represents a first major step in reaching targets set out by the MOU and further strengthens the long-lasting strategic cooperation between Eni and Sonangol.

Eni has been present in Angola since 1980, has currently an equity production of approximately 140,000 barrels of oil equivalent per day and is engaged, as Operator, in an important exploration campaign in the deepwater Block of 15/06.