The operation strengthens the strategic cooperation with QatarEnergy, a partner in Qatar, Oman, Mexico, Morocco and Mozambique, and confirms the interest of the exploratory basins in the Eastern Mediterranean.
Eni and TotalEnergies have completed the transfer to QatarEnergy of a 30% interest in exploration Blocks 4 and 9 off the coast of Lebanon. The transfer agreement was signed, at the presence of the Prime Minister of Lebanon, Najib Mikati, by the Minister of Energy and Water of Lebanon, Walid Fayad, the President and CEO of QatarEnergy and Minister of State for Energy Affairs of Qatar, Saad Sherida Al-Kaabi, the CEO of Eni Claudio Descalzi and the CEO of TotalEnergies, Patrick Pouyanné, in Beirut today.
With this transfer, Eni will hold a 35% interest, QatarEnergy a 30% and TotalEnergies, the operator, the remaining 35%.
The operation strengthens the strategic cooperation with QatarEnergy, a partner in Qatar, Oman, Mexico, Morocco and Mozambique, and confirms the interest of the exploratory basins in the Eastern Mediterranean.
About Eni
Eni is an integrated energy company employing more than 34.000 people in 69 countries in the world. Eni engages in oil and natural gas exploration, field development and production, as well as in the supply, trading and shipping of natural gas, LNG, electricity and fuels. Through refineries and chemical plants, Eni processes crude oil and other oil-based feedstock to produce fuels, lubricants and chemical products that are supplied to wholesalers or through retail networks or distributors.
About TotalEnergies
TotalEnergies is a broad energy company that produces and markets energies on a global scale: oil and biofuels, natural gas and green gases, renewables and electricity. Our 105,000 employees are committed to energy that is ever more affordable, clean, reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
About QatarEnergy
As a fully integrated energy corporation, QatarEnergy covers the full spectrum of the oil and gas value chain – from exploration to production, from processing and refining to sales and delivery.
As stewards of Qatar's natural resources and the world's largest provider of LNG, our strength rests in our ready access to Qatar's unique reserves to provide energy that fuels social and economic prosperity.