MOSCOW, 7 Sep — PRIME. Eni intends to acquire the business of the British oil and gas BP in Algeria, the press service of the Italian energy company reports.
The Czech Republic reported a reduction in oil reserves in the country
“Eni announces that it has agreed to acquire BP’s business in Algeria, which includes two gas production concessions “In Amenas” and “In Salah” (45.89% and 33.15% direct equity, respectively)”, – said in release. It is added that Eni has been present in Algeria since 1981. It is expected that the company’s production in the country will grow to more than 120,000 barrels of oil equivalent per day.
The company stressed that the assets of “In Amenas” and “In Salah”, which are jointly operated with Sonatrach and Equinor, are located in South Sahara. Their extraction of gas and condensate, reminded Eni, began in 2006 and 2004 respectively. And in 2021, about 11 billion cubic meters of gas, 12 million barrels of condensate and liquefied petroleum gas were produced there.
BP is a British company, one of the six largest oil and gas corporations in the world. Founded in 1909. Eni is an energy company operating in 66 countries and employing about 32,000 people. Engaged in exploration, development and production of oil and gas; processing, marketing, trade and transportation of raw materials; as well as renewable energy sources.
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