Eni signs cooperation agreement with Republic of Congo

The Congolese Minister of hydrocarbons, André Raphael Loemba, and Eni CEO, Claudio Descalzi, in the presence of President of Congo Dennis Sassou Nguesso and the Italian Prime Minister, Matteo Renzi, have signed a cooperation agreement which states Eni’s intention to pursue new initiatives in the Congolese coastal basin, which extends from onshore Mayombe to the deep-offshore.

The agreement was signed during the Italian Prime Minister’s official visit to Republic of Congo. Claudio Descalzi confirmed the historical and strategic importance of the country for Eni while reaffirming the company's efforts to continue the development of its activities, especially regarding the fields for which the Congolese government has extended permissions.

Eni has been operating in Republic of Congo since 1968. Production in 2013 in the country was approximately 120,000 barrels of oil equivalent per day.

Adapted from press release by Katie Woodward

Read the article online at: https://www.oilfieldtechnology.com/exploration/21072014/eni-and-congo-sign-cooperation-agreement-222/