Eni & Rosneft Sign Contracts for Russian Offshore Assets

Eni CEO Paolo Scaroni and Rosneft Chairman Igor Sechin signed agreements in Saint Petersburg concerning their operation of assets in the Black Sea and the Barents Sea.

The deal refers to the strategic cooperation agreement signed April 25, 2012 between the two companies, under which Eni and Rosneft will set up joint ventures (Eni 33.33%, Rosneft 66,67%) for the joint development of Fedynsky and Tsentralno-Barentsevsky licenses in the Russian offshore of the Barents Sea, and Zapadno-Cernomorsky license in the Russian offshore of the Black sea.

Moreover, technology exchange will be a key element of the strategic partnership. Eni's technological contribution to the joint venture is expected to be significant given the company's extensive offshore experience in Norway and other countries.

The signing marks an important step for Eni in Russian upstream and reinforces the strategic partnership between the two companies.

• MEO Awarded Bonaparte Basin Exploration Permit WA-488-P 
• Beach Agreed with Bengal to Farm-in to 50% of ATP 732 
• Chariot Extends First Renewal Phase, Offshore Namibia 
• IPB Petroleum Awarded Permit WA-485-P in Australia 
• Abu Dhabi Faces Tight Deadline to Renew Oil Concession 
• Petrominerales Awarded 3 Blocks in the 11th Bid Round 
• Petroceltic to Farm-out Part of Isarene Permit 
• Salamander Energy Signed PSCs in Indonesia 
• Premier Awarded 3 Blocks in Brazil’s 11th Round 
• Petrobras Buys the Most Blocks in the 11th Round 

• Eni signs a contract in Riyadh for gas exploration and production in Saudi Arabia 
• Eni: production started up at the Kizomba A, in the Angolan deepwater offshore 
• Eni Starts Gas Production at Seth Field Offshore Egypt 
• Eni Signs Three Production Sharing Contracts in Kenya 
• Lubricants, Oils & Greases 
• Gas Treating 
• Oil Treating & Refining 
• Oil & Gas Companies 
• Shale Gas