Eni acquires licenses in Gabon

Gabon: Italian oil and gas company Eni acquired two new offshore licenses and four onshore licenses in Gabon.

Together, the licenses cover 8,000 square kilometers (3,088 sq miles). Licenses D3 and D4 are in the conventional waters of the north Gabonese Basin. Licenses E2, F3, F4 and F7 are in the onshore basin. All the licenses have been attributed for a four-year exploratory phase, renewable for two periods of four and three years. The agreement, signed with the Gabonese government, is an application of Eni’s cooperation model in West Africa. The model integrates sustainable activity in the area with traditional hydrocarbon exploration and production. Technical and operational investments will be supported by initiatives for local communities and projects for training, research and development.

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