Eni to Acquire BP's Business in Algeria
07 Setembro 2022 - 06:50AM
Dow Jones News
By Giulia Petroni
Eni SpA said Wednesday that it has agreed to acquire BP PLC's
business in Algeria in a deal set to further contribute to Europe's
gas needs.
The Italian oil-and-gas major said the acquisition includes BP's
working interests of 33.15% and 45.89% in two gas-producing
concessions located in the Southern Sahara.
The assets, known as "In Salah" and "In Amenas," are jointly
operated with Algeria's state producer Sonatrach and Norway's
Equinor ASA. In 2021, they produced approximately 11 billion cubic
meters of gas and 12 million barrels of condensates and liquefied
petroleum gas, Eni said.
The transaction is subject to the approvals of competent
authorities. Financial details weren't released.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
September 07, 2022 05:35 ET (09:35 GMT)
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