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Eni and INA Start Gas Production at Annamaria A platform in Croatia

Sunday, November 22, 2009

Eni and the Croatian oil & gas company INA, through the joint operator INAgip, started gas production from six wells of Annamaria A platform located in the Croatian waters of the Adriatic Sea. The sister platform, Annamaria B, located in the Italian waters, is currently in the final authorization phase for production start up.

The development of Annamaria field, which crosses the border between Italy and Croatia in the Adriatic sea, is regulated by a comprehensive agreement: “Annamaria Integrated Development and Operating Agreement‘ (AIDOA) officially approved by the Italian and Croatian governments.

Annamaria field will produce about 1.6 million of standard cubic meter per day in full capacity, thus significantly contributing to the need of gas for both Croatia and Italy.

Eni operates the Annamaria A platform, in Croatia, through a 50% share in INAgip, a joint operating company with INA, and Annamaria B in Italy with a 90% share in a joint venture with Ligestra.

Eni started its operations in Croatia in 1996 through the creation of the INAgip joint operating company. Current production of INAgip is more than 5 million of standard cubic meters per day, out of which Annamaria is contributing approximately 0.8 million of standard cubic meters per day.

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. More

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