Eni and Sonatrach signed a series of agreements to further the companies’ jointly operated activities in Algeria.
Eni and Sonatrach signed a series of agreements to further the companies’ jointly operated activities in Algeria.
The agreements, signed between Eni's CEO, Claudio Descalzi and Sonatrach’s chairman and general manager Abdelmoumem Ould Kaddour, include an exploration and development program in the Berkine basin, which will produce new gas reserves through optimising existing infrastructure, Eni said in a statement.
Eni and SONATRACH have also signed specific agreements to continue their collaboration in the R&D sector, initially agreed upon on Nov. 2016.
“The renewed collaboration between our companies, enshrined in today's agreements, allows Eni to make a further important step forward in a key country like Algeria and to consolidate further our strategic partnership with SONATRACH,” said Eni's CEO, Claudio Descalzi.
Eni is also planning the construction of a renewable energy laboratory and of a photovoltaic plant at the BRN production site as a step in Eni's decarbonisation process.
Eni has been present in Algeria since 1981 and currently participates in 32 mining permits with an equity production in the country of about 100,000 barrels of oil equivalent a day, which makes the company the main international player in the country.
Source: Pipeline ME
