ENI Ireland Announces Deepwater Offshore West Ireland Opportunities

Eni is offering its entire Ireland exploration portfolio (preferably as a package) for Qualified Operators and Joint Ventures, willing to take over Operatorship and Partnership.

The portfolio comprises material interests (40-100%) in four deep water licences, offshore West Ireland in the Rockall, Slyne and Porcupine Basins, where an active Petroleum System exists, with proven Carboniferous to Jurassic plays.

The Assets include the Dooish Gas & Condensate Discovery, and several world class (potentially giant) Prospects.

Ireland’s exceptionally favourable Fiscal Terms are applicable to all of Eni’s Assets: 25% Corporation Tax on profits, No Royalties, No State Participation and No Production Levies. Exploration costs can be 100% written off in Year 1 or as soon as feasible.

The interested Operator or Joint Venture will have to assume the commitment of drilling a well on each of the Dunquin and Fiachra Prospects.


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