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21

ENI To Collaborate With Sevan Marine & Aker

Eni Norge AS, the operator of the Goliat licence, has signed a Letter of Intention with Sevan Marine ASA and Aker Engineering and Technology AS for a Goliat FPSO Design Competition FEED

Eni Norge AS, the operator of the Goliat licence, has signed a Letter of Intention with Sevan Marine ASA and Aker Engineering and Technology AS for a Goliat FPSO Design Competition FEED. The FEED contracts are based on previous development studies by Sevan and Aker for Goliat in 2007 and 2008.

During this Design Competition, both Aker and Sevan will further mature their proposed FPSO concepts for the selected Goliat development solution.

The Design Competition will be completed by early autumn 2008, and Eni and the Goliat partners will use the following period to evaluate and select the final platform solution. It is estimated that this decision will be announced in 4th quarter 2008.