Eni : and partners complete the transfer to QatarEnergy of a 30% interest in exploration Blocks 4 and 9 offshore Lebanon
January 29, 2023 at 06:24 am EST
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The operation strengthens the strategic cooperation with QatarEnergy, a partner in Qatar, Oman, Mexico, Morocco and Mozambique, and confirms the interest of the exploratory basins in the Eastern Mediterranean.
Beirut (Lebanon), 29 January 2023 - Eni and TotalEnergies have completed the transfer to QatarEnergy of a 30% interest in exploration Blocks 4 and 9 off the coast of Lebanon. The transfer agreement was signed, at the presence of the Prime Minister of Lebanon, Najib Mikati, by the Minister of Energy and Water of Lebanon, Walid Fayad, the President and CEO of QatarEnergy and Minister of State for Energy Affairs of Qatar, Saad Sherida Al-Kaabi, the CEO of Eni Claudio Descalzi and the CEO of TotalEnergies, Patrick Pouyanné, in Beirut today.
With this transfer, Eni will hold a 35% interest, QatarEnergy a 30% and TotalEnergies, the operator, the remaining 35%.
The operation strengthens the strategic cooperation with QatarEnergy, a partner in Qatar, Oman, Mexico, Morocco and Mozambique, and confirms the interest of the exploratory basins in the Eastern Mediterranean.
Eni S.p.A. published this content on 29 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 January 2023 11:23:09 UTC.
Eni S.p.A is a global energy company with high technological content, present along the entire value chain: from the exploration, development and extraction of oil and natural gas to the production of electricity from cogeneration and renewable energy sources, from traditional and bio-based refining and chemistry to the development of circular economy processes. Eni S.p.A extends its reach to end markets, selling gas, electricity and products to local markets as well as to private and professional customers, to whom it also offers energy efficiency and sustainable mobility services. Thanks to the consolidation of skills, technologies, geographical and source diversification, development alliances and innovative business and financial models, Eni S.p.A. continues to generate value, meeting the challenges of the energy trilemma.