Eni bought majority stakes in two new exploration blocks offshore Cote d’Ivoire, the offshore blocks, CI-101 and CI-205, placed east of the Tano basin are located approximately 50km from the coastline of the Ivory Coast.
ENI, Mozambique's Area 4 operator, will make a final investment decision (FID) still by March and conclude the financial package by the end of the first half of 2017.
Mozambique will gain $350m in capital taxes from Eni after the Italian oil and gas company agreed to sell a stake in a gas field to ExxonMobil Corporation.
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, visited Port Said Governorate to inspect the work progress at Zohr field as a part of following up the new gas development project.