Eni acquires block offshore South Africa
Eni has agreed with Sasol Petroleum International to acquire a 40% interest and operatorship in exploration right permit 236 (ER236) off South Africa.
The permit grants the right to investigate an unexplored area covering 82,000 sq km (31,660 sq mi) off South Africa’s east coast (Durban and Zululand basins), Kwazulu-Natal province. The permit was granted to Sasol by the South African regulator Petroleum Agency of South Africa (PASA) in late 2013.
The agreement, subject to government approval, reinforces Eni’s position on the East Africa coast, where Eni is already present with exploration activities in Mozambique and in Kenya.