COMPANY
We are an integrated energy company committed to the energy transition with solid actions for carbon neutrality by 2050
- BUSINESS MEETINGS AND AGREEMENTS
Company
Governance
Sustainability
Governance
Vision
Actions
Products
Actions
Energy Diversification
Technologies for the transition
Technologies for the transition
Partnership for innovation
Activities around the world
Investors
Media
Careers
Eni, Sonatrach and Total signed two agreements which include an exclusive partnership for offshore exploration in Algeria in a virtually unexplored geological province.
Algiers (Algeria), 29 October 2018 – The Chairman and Director General of Algeria’s state oil company Sonatrach, Abdelmoumen Ould Kaddour, the Chief Executive Officer of Eni, Claudio Descalzi, and the Chief Executive Officer of Total, Patrick Pouyanné, signed two agreements during the Algeria Future Energy Summit in Algiers today, which include an exclusive partnership for offshore exploration in Algeria.
In parallel, Eni and Total will also pursue obtaining exploration permits that will allow for the rapid completion of the hydrocarbon potential assessment.
Eni's CEO, Claudio Descalzi, said: “Together with Sonatrach and Total, we will have the opportunity to explore the deep waters of the Algerian offshore, a virtually unexplored geological province where Eni will be able to contribute by leveraging its experience in the Eastern Mediterranean and its inventory of advanced exploration technologies.”
Eni has been present in Algeria since 1981 and currently participates in 32 mining permits with an equity production in the country of 90,000 boe day, making the company the country's main international player.
Continue reading
Reduce
Investor Relations
Freephone for shareholders (from Italy): 800940924
Freephone for shareholders (from abroad): + 80011223456
Download document