Eni Signs Strategic Agreement with Congo

Source: www.gulfoilandgas.com 8/12/2009, Location: Africa

Eni CEO Paolo Scaroni signed a strategic agreement for cooperation and valorisation of the Democratic Republic of Congo's oil resources with the oil minister René Isekemanga Nkeka, in the presence of the main government authorities of the centre-African country.

The agreement defines guidelines of cooperation between Eni and the Democratic Republic of Congo and aims at exploring and developing the significant hydrocarbon resources - both gas and liquid - lying in the Cuvette basin and in the eastern regions of the country (great lakes, northern Kivu and Tanganika lake).

Eni will carry out studies for the development of both conventional and non-conventional hydrocarbons, the gas valorisation in the eastern areas of the country, the industrial modernization and the education and training of local people. The company is also committed to carry out studies for the realization of important social projects, following the cooperation model for sustainable development and environmental safeguard promoted by Eni in other countries where it operates.

With this agreement, Eni further strengthens its presence in the Sub-Saharan region, where it is already present in Nigeria, Gabon, Congo Brazzaville, Angola and Mozambique with an overall production of 450,000 boed and a significant, successful exploration activity.

In this region, Eni is also committed to the education of local people and to the realization of several social projects, as well as for health, agricultural and environmental safeguard also through the use of gas for power generation.


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