Nigerian Agip Exploration

Eni E&P Division commenced activities in Nigeria in 1962 through a wholly owned subsidiary – Nigerian Agip Oil Company, with the offer of participation in its operations by Federal Government in case of commercial discovery. This option was subsequently exercised in 1973. Activities of eni in Nigeria have grown over the years resulting in establishment of other companies. These include the Agip Energy and Natural Resources established in 1980, which operates in the shallow waters offshore and the Nigerian Agip Exploration in 1996, which concentrates on the deep-water frontier region. Eni also holds 10.4% equity participation in the Nigerian LNG Limited. In addition, eni is a key partner in the Brass LNG Limited Project with 17% participation. Nigerian Agip Exploration (NAE) was incorporated in 1996 by eni to manage Nigerian deep offshore exploration and production assets. NAE as at 2013 has interests in six offshore blocks in Nigeria, both as Operator (OML 125, OML 134, OPL 2009 and OPL 245) and Co-Venturer partner (OML 118 and OML 135).