Eni farms into permit offshore South Africa

Eni SPA has agreed to acquire 40% interest and operatorship in exploration right permit 236 (ER236) offshore South Africa’s east coast from Sasol Petroleum International, the upstream oil and gas arm of Sasol Ltd.

The permit allows the company to explore for hydrocarbons on an 82,000-sq-km unexplored offshore area in the Durban and Zululand basins in Kwazulu-Natal province. The permit was granted to Sasol by the South African regulator Petroleum Agency of South Africa (PASA) at the end of last year.

Eni already has an exploration presence in Mozambique and Kenya (OGJ Online, July 2, 2012; May 27, 2014).

Eni says the agreement with Sasol forms part of a wider cooperation between the companies in southern Africa and other areas, mainly focused on maximizing opportunities in the gas value chain.

Related Articles

API releases unconventional production community engagement standard

07/09/2014 The American Petroleum Institute issued a new standard specifically aimed at effectively engaging with US communities affected by exploration and d...

Maersk to divest oil field, write off $1.7 billion in Brazil assets

07/08/2014 Maersk Oil, a wholly owned subsidiary of AP Moller-Maersk AS of Copenhagen, has opted to write off $1.7 billion in investments in Brazil’s Wahoo an...

Shell bows out of Kidan gas project in Saudi Arabia

07/08/2014

Royal Dutch Shell PLC confirmed it will bow out of the Kidan natural gas development project in Saudi Arabia’s Empty Quarter.

Mongolian petroleum law passage aims to boost foreign investment

07/08/2014

Wolf Petroleum Ltd., Perth, reported the passing of a new petroleum law in Mongolia designed to boost foreign investment in the country.

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected