Eni Expands Algerian Presence With New Production Sharing Contract

Key Takeaways E signed a 30-year production sharing contract with Sonatrach for Algeria's Zemoul El Kbar region. The $1.35B deal targets 415M barrels of oil equivalent, including 9.3B cubic meters of gas. Eni and Sonatrach also plan joint gas, LNG, hydrogen, and renewable energy initiatives.Eni S.p.A. (E) , an Italian integrated energy company, has signed a production sharing contract (PSC) with Algeria’s state-owned energy firm, Sonatrach. The PSC involves the exploration and development activities in th ...