Eni Petroleum

Eni Petroleum is offering part or all of its working interest in 71 offshore leases in the Beaufort Sea in Alaska.

The leasehold is large and continuous, located close to the shoreline of the North Slope infrastructure. The leasehold contains several mature prospects and leads in proven, established plays.

Some 64 leases are involved in a joint venture with Shell and Repsol. Shell is operator with 40%, Eni has 40% and Repsol 20%. These leases have expirations in 2013 through 2015. The remaining seven leases are operated by Eni with 80% working interest with Repsol as partner with 20%. Expiration dates are in 2017.

Contact David Lawler, 713-393-6126, david.lawler@enipetroleum.com.