Offshore staff

MILAN, Italy -- Eni has completed the $4.7-billion acquisition of Dominion's upstream assets in the Gulf of Mexico.

With the acquisition, Eni expects its production in the GoM to increase from 36,000 boe/d to more than 110,000 boe/d in the second half of 2007. The company gains 222 MMboe of 2P reserves.

The main fields included in the transaction are Devils Tower, Triton and Goldfinger (75% operated), and Front Runner (37.5%) producing fields as well as San Jacinto (53.3% operated), Q (50%), Spiderman (36.7%), and Thunderhawk (25%) developing fields.

Eni currently holds an interest in 462 leases in the GoM (including 263 from the Dominion acquisition).

7/3/2007