Eni and Sonatrach to cooperate on energy transition
- 16/12/2021
Eni and Sonatrach have signed a memorandum of understanding for cooperation on initiatives in the energy transition.
On the same occasion, the two companies have also signed a new oil contract related to the onshore Berkine basin area, where Eni has been a leader since 1981.
Eni’s CEO Claudio Descalzi commented: “Today’s agreements are testimony to the commitment of Sonatrach and Eni to continue the shared strategy of accelerated project development, and to pursue the decarbonisation objectives within our common commitment to achieve carbon neutrality”.
The contract, which is the first ever signed under the aegis of the new Algerian oil law, covers an area of 7880 km2 in the southern part of the Berkine basin, in close proximity to the company’s current production assets, Menzel Ledjemet Est (MLE) and Central Area Field Complex (CAFC), already operated by the JV Eni-Sonatrach.
Source: hydrocarbonegineering.com
