Offshore staff

RICHMOND, Virginia --Dominion has agreed to sell its offshore operations to Eni Petroleum Co. Inc. for $4.76 billion.

The sale of the offshore E&P assets to Eni is expected to close by early July 2007, subject to customary closing conditions and adjustments.

These operations include approximately 967 bcf equivalent of proved natural gas and oil reserves in the Gulf of Mexico shelf and deepwater as of Dec. 31, 2006, with 2006 average daily production of approximately 503 mmcf equivalent.

Main fields 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. These fields account for around 70% of total 2P reserves acquired from Dominion.

04/30/2007