Oil Production Stock Payment

RNS Number:9617T
ENI Lasmo PLC
29 March 2007


                ENI LASMO PLC - OIL PRODUCTION STOCK ("OPS") PAYMENT

The payment on the OPS for the six months ended 31 December 2006 will be
made on 30 April 2007 at the rate of 7.8900 pence per unit to holders on the
register on 10 April 2007. Payment for the six months ended 30 June 2006 was
made at the rate of 12.2094 pence per unit.



Notes to editors


1. OPS units were issued in 1976 to help fund the LASMO share of the Ninian
field development costs. The Ninian field commenced production on 23 December
1978 and the OPS holders have been receiving half yearly payments for some 20
years.  The OPS is governed by the requirements of the Trust Deed, which was
issued in August 1976 and payments are subject to audit by independent
accountants.

2. The OPS payment is calculated on 8.75 percent of the sales value of
production from 8.62608 percent of the Ninian field after deducting Government
royalties, field operating costs (as adjusted for incremental costs associated
with tariffing assets) and insurance costs, incurred in connection with the
production, conveying and treatment of petroleum won from the field.

3.  The net value is adjusted for OPS units repurchased and cancelled by
LASMO and the payment per share is calculated on the number of units currently
outstanding (as at 26 March 2007 the number of units outstanding was 5,562,990,
the original number of units issued being 7,500,000).

4.  The OPS is repayable at par (10 pence per unit) at the earliest of:

    *  the termination of production from the field,

    *  the date when the quantity of petroleum won and saved for the field 
       attributable to the OPS interest reaches 120 million barrels, or

    *  31 December 2010.

5. At 31  December 2006 cumulative production from the Ninian field attributable
to the OPS interest amounted to 102.5 million barrels (30 June 2006:  102.2
million barrels).  Production attributable to the OPS interest for the 6
months ended 31  December 2006 was 382,485 barrels (6 months ended 30 June 2006:
427,698 barrels).

6. The licence interest in Licence P.199 Block 3/8a in the North Sea (which
includes the Ninian field), was sold to Agip Oil Britain Limited (formerly known
as Sun Oil Britain Limited, since liquidated and whose assets are held by Eni UK
Limited, formerly Agip (U.K.) Limited) and Ranger Oil (U.K.) Limited in 1994.
However, as far as holders of the OPS are concerned, the terms and conditions
governing the OPS remain unchanged.


Enquiries:     Dario Rona
               Corporate Accountant 
               Eni UK Limited

               Tel no, 020 7344 6295





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