Petroleum Africa
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Wednesday, December 11, 2013
ENI chief executive Paolo Scaroni and ENI COO Claudio Descalzi met with the president of the Republic of Congo (ROC), Denis Sassou Nguesso, in Rome to discuss the Italian firm’s ongoing activities and projects in ROC, with particular focus on recent discoveries.
As previously announced, ENI and the ROC’s state-owned company, SNPC, will jointly explore the hydrocarbon potential of the Ngolo block, in the Cuvette Basin. The block is located approximately 350 km northeast of Brazzaville. In the JV with SNPC, ENI will serve as operator for the exploration of the block through its owned subsidiary company, ENI Congo.
ENI has recently made an important oil and gas discovery in the Nene Marine exploration prospect located in the Marine XII Block. Through ENI Congo, the company is the operator and 65% stakeholder of the Marine XII block. Other partners include New Age with a 25% stake and SNPC with a 10% stake.
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