ENI secures Togo offshore acreage

The Energy and Mines Minister Dammipi Noupokou of Togo and Eni CEO Paolo Scaroni, and the COO of Eni Exploration & Production Claudio Descalzi have signed two Production Sharing Contracts (PSCs) covering the country’s offshore area.

Offshore staff

KARA, Togo--The Energy and Mines Minister Dammipi Noupokou of Togo, Eni CEO Paolo Scaroni, and COO of Eni Exploration & Production Claudio Descalzi have signed two Production Sharing Contracts (PSCs) covering the country’s offshore area.

The contracts will allow Eni to operate Block 1 and Block 2 with a 100% interest. The company intends to immediately start work on studies and interpretation to evaluate the two blocks.

Both blocks are located in the Dahomey Basin, a barely-explored basin bordered to the west by the analogous Tano basin, the scene of various major discoveries offshore Ghana.

Eni operates the recent Sankofa 1 discovery off Ghana, and plans an intensive drilling campaign in the region in 2011.

10/22/2010

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