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Eni and SONATRACH sign E&P agreements

Exploration & Production

The CEO of Eni, Claudio Descalzi, and the president general manager of the Algerian state company SONATRACH, Toufik Hakkar, have signed various agreements in the exploration and production, research and development, decarbonisation and training fields

These agreements mark a further step forward in strengthening the partnership between the two companies.

The first of the agreements signed aims to implement an ambitious programme for the relaunch of exploration and development activities in the Berkine basin region and provides for the creation of a gas and crude oil development hub through a synergy with existing MLE-CAFC installations. This agreement is part of the process to finalise a new hydrocarbon contract in the basin, under the aegis of the new Algerian oil law which came into force in December 2019.

Claudio Descalzi and Toufik Hakkar signed a MoU to develop the partnership between Eni and SONATRACH in the new technologies sector, with a focus on renewable energy, biofuels and hydrogen. This agreement aims to strengthen the cooperation already in place between the two companies in the technological field and continue the decarbonisation path undertaken to support the transition towards a low carbon future.

Eni and SONATRACH have also agreed to collaborate in other sectors such as staff training, through the signing of an agreement that provides for cooperation between Eni Corporate University and the Institut Algerien du Petrole for the implementation of training programmes in the upstream and new technologies related to the energy transition fields.

 

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