This acquisition has a strong strategic value and contributes to further satisfying European gas needs, as well as strengthening Eni's presence in Algeria
Eni announces the acquisition of BP's operations in Algeria, including “In Amenas” and “In Salah”, two concessions for the production of gas (with working interest of 45,89% and 33,15% respectively).
"In Amenas" and "In Salah", jointly operated with Sonatrach and Equinor, are located in the southern Sahara and their production of associated gases and liquids, started respectively in 2006 and 2004, in 2021 was approximately 11 billion m3 of gas and 12 million barrels of condensates and LPG.
This acquisition has a strong strategic value and further contributes to meeting European gas needs, as well as strengthening Eni's presence in Algeria, an important gas producer and key country for Eni. Today's transaction will allow the company to expand its asset portfolio in the country and, together with the new contracts of Berkine South and Block 404/208, recently signed, will allow new and synergistic development opportunities, mainly focused on increasing production. of gas.
The acquisition is in line with Eni's distinctive strategy, aimed at facing the challenges of the current energy market and providing its customers with sustainable and safe energy, while accelerating the path of decarbonisation.
The transaction is subject to the approval of the competent authorities.
Eni has been present in Algeria since 1981. Following this operation and the development programs already underway in the Berkine basin, in 2023 Eni's production in Algeria will increase
to over 120.000 barrels of oil equivalent per day, further confirming the company's primacy as the leading international energy company operating in the country.