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.

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.