Eni's rumble in Congolese jungle

摘要

Eni is to spend US 1.4 Bn on a large portion of the Congolese assets of French independent Maurel & Prom.The two have been in negotiations for some time after Maurel turned down an outright takeover offer from Indian Oil Corporation.The deal covers all of the French firm's equity in the producing fields M'Boundi (48.6%) and Kouakouala A (66%), the production licence of Kouakouala B, C, D (50%) as well as most of the stakes in the Kouilou (50%) exploration permit. All assets are located onshore in Congo Brazzaville.