Eni completes acquisition of BP’s business in Algeria
Eni has completed the acquisition of BP’s business in Algeria, gaining access to two gas-producing concessions, it said on February 28.
The deal, which was announced in September last year, has been approved by the national and antitrust authorities.
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BP held a 45.89% working interest in In Amenas and 33.15% in In Salah. The two production licences are operated by Sonatrach and Equinor respectively, both lying in Algeria's southern Sahara desert region.
Following this operation - and the development programmes already underway in the Berkine basin - Eni's equity production in Algeria will rise to approximately 130,000 barrels of oil equivalent per day in 2023.