Eni, Sonatrach and Total have signed two agreements which include an exclusive partnership for offshore exploration in Algeria in a geological province that has seen little exploration, Eni said in a news release.
“Together with Sonatrach and Total, we will have the opportunity to explore the deep waters of the Algerian offshore, a virtually unexplored geological province where Eni will be able to contribute by leveraging its experience in the Eastern Mediterranean and its inventory of advanced exploration technologies,” Eni CEO Claudio Descalzi said in the release.
The agreements were signed Oct. 29 during the Algeria Future Energy Summit.
Eni and Total will also pursue obtaining exploration permits that will allow for the rapid completion of the hydrocarbon potential assessment, the release said.
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