2009-08-19-2007-04-01-2007-07-01

WI

ENI Congo SA, an affiliate of ENI SpA, Rome, (NYSE: E) has closed its acquisition of interest in two fields and a production concession in the Congo from Maurel & Prom, Paris, (Paris: MAU) for US$1.4 billion. ENI paid 95% of the sale price at closing and will pay the remaining amount by the end of August. The assets include a 48.6% interest in the M'Boundi Field, a 66% interest in the Kouakouala A Field and a 50% interest in the Kouilou exploration permit. Maurel & Prom will retain a 15% interest in the Kouilou permit. Net production in the M'Boundi Field is expected to be 17,000 barrels of oil per day. Proved reserves in the field are 1.4 billion barrels of oil equivalent originally in place. Pro forma, ENI's production in the Congo will increase from 67,000 to 100,000 barrels per day, and net proved-plus-possible reserves will increase to 126 million barrels equivalent.