Eni enters Togo through the acquisition of two offshore blocks

21/10/2010
Eni enters Togo through the acquisition of two offshore blocks

The Energy and Mines Minister Damipi Noupokou of Togo and Eni CEO Paolo Scaroni, with the COO of Eni Exploration & Production Claudio Descalzi, signed today two Production Sharing Contracts (PSCs) covering the country’s offshore area.
These agreements sanction Eni entry in Togo.


During the ceremony, held in the presence of President Faure Gnassingbe, Eni outlined the role that it will undertake in Togo to explore and ultimately develop the Country’s hydrocarbon resources, as well as the cooperation model applied with success in other countries of the Sub-Saharan region.


The signing of these contracts will allow Eni to operate Block 1 and Block 2 with 100% participation interest and immediately perform all studies and interpretation to thoroughly evaluate the two blocks, located in the Dahomey Basin, a still scarcely explored basin bordered to the west by the analogous Tano basin where major discoveries have been made previously.

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