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Sonatrach & Eni Will Accelerate the Development of New Projects

Source: www.gulfoilandgas.com 7/2/2019, Location: Africa

The CEO of SONATRACH, Mr. Rachid HACHICHI, and the Managing Director of Eni, Mr. Claudio DESCALZI, met, Algiers, on July 02, 2019, to review the progress of projects developed in partnership between the two companies.

SONATRACH and Eni have confirmed their willingness to accelerate the development of new oil and gas projects at Berkine North, which will significantly increase production, contributing to the overall balance of production. The project has two phases: the first, on oil development, was implemented last May, just three months after the entry into force of the block agreement; the second, on gas development, will start at the end of September after completion of the BRN-MLE pipeline.

The project is an example of an accelerated work program which saw the joint commitment of SONATRACH and Eni, based on a common strategy of accelerating the exploitation by using the capacity of local companies and subsidiaries of the SONATRACH group.

The first phase of the Berkine North oil project will generate, as a target, a gross production of 10,000 barrels per day by the end of July / beginning of August 2019, while the development of the gas section will lead by the end of the year. production of 6 million cubic meters per day and 7,000 barrels per day of associated liquids.

As a reminder, Eni has been present in Algeria since 1981, with a significant contribution in production.

For more information about related Opportunities and Key Players visit Algeria Oil and Gas Projects

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