Eni closes on two major Algerian gas field acquisitions

World Oil Staff March 01, 2023

(WO) – Eni has closed on the acquisition of BP business in Algeria, regarding the two gas-producing concessions “In Amenas” and “In Salah”, which are jointly operated with Sonatrach and Equinor.

The transaction has been approved by the competent national and antitrust authorities.

The operation was announced in early September, with the aim of contributing to Europe’s gas needs and strengthening Eni's presence in Algeria.

Eni has been present in Algeria since 1981. Following this operation - and the development programs already underway in the Berkine basin - Eni's equity production in Algeria will rise to approximately 130,000 boed in 2023, further confirming the company's position as the main international energy company operating in the country.

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