Petroleum Africa
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Wednesday, June 24, 2015
E.ON is looking to sell off some of its oil and gas assets, including those held in Algeria. The German utility company is also putting some North Sea assets on the market hoping to raise an estimated $2 billion from both countries.
The company has reportedly opened up data rooms on the assets and given prospective buyers access to data ahead of the official launch of the sale.
E.ON declined to comment on the launch of the sale process.
In Algeria, E.ON holds a 49% share of the exploration license for the Rhourde Yacoub area in the Berkine Basin.
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