Eni and Total partner with Sonatrach for offshore exploration in Algeria

Source: press release, 29 October 2018

photo: Eni
photo: Eni

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, have signed two agreements during the Algeria Future Energy Summit in Algiers, including 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, says, “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.”