London, November 25, 2025, (Oilandgaspress) –– Eni, through its subsidiary Nigeria Agip Exploration Limited (NAE), announces the acquisition from TotalEnergies EP Nigeria Limited of an additional 2.5% stake in the Production Sharing Contract (PSC) OML 118, exercising its pre-emption right.
OML 118 is an offshore Nigerian license that includes Bonga producing field, in which NAE holds non-operating interests.
Following the transaction, which has received all necessary regulatory approvals, NAE’s share in OML 118 PSC increased from 12.5% to 15%. This acquisition is fully aligned with Eni’s strategy to optimize its upstream portfolio and further strengthens the Company’s commitment to deepwater projects in the country.
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