Tuesday 30 October 2018

The Chairman and Director General of Algeria’s state oil company Sonatrach, Abdelmoumem 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, 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 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.