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Track Drilling (Rigs by operator) | Completions (Frac Spreads)

One-Page Deal Sheet

Eni Sells East African Shares to CNPC

CNPC Eni S.P.A
AnnouncedJul 26, 2013
TypeProperty
Announced Date
July 26,2013
Close Date
July 26,2013
Transaction Type
Property
Enterprise Value (EV)($MM)
4210




Snapshot
Asset/Basin:
{"Rovuma Basin"}
Location
Region
Africa - East Africa

Country
Mozambique


Transaction Details:  Subscribe to see

Eni and China National Petroleum Corporation have today concluded Eni’s sale to CNPC of 28.57% of Eni East Africa’s shares, owner of a 70% interest in Area 4, located off the coast of Mozambique.
The deal was closed on the basis of the price sanctioned by the agreement signed on 14 March 2013, equal to US$ 4,210 million, integrated for contractual balances provided until the date of closing.
Through this deal, CNPC acquires a stake in Eni East Africa which equates to a 20% indirect participation in Area 4. Eni remains the indirect owner of the 50% participation owned by Eni East Africa. The…

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