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Wednesday, June 22, 2016
Claudio Descalzi, CEO of ENI, met with Algeria’s Minister of Energy, Noureddine Bouterfa, and the chairman and CEO of the country’s state-run firm Sonatrach, Amine Mazouzi.
During the meeting, Descalzi and Mazouzi signed an agreement extending the production licenses for the ROD reservoir, its satellite fields, and three fields in Block 403. These are considered to be particularly important assets as their discovery led to the establishment in 1995 of the first Groupement Sonatrach Agip in Algeria (GSA) and marked the start of a strong partnership between ENI and Sonatrach.
The renewal of the partnership between the two is expected to bring about an ambitious program of activities that will include advanced techniques for hydrocarbon recovery. The agreement also lays the foundations for the completion of the unitization process between the SF field, where Sonatrach has a 100% stake, and the SFNE field, which is jointly operated by ENI and Sonatrach.
With this visit, Descalzi renewed the hope of more cooperation through the relaunch of gas development activities in existing concessions and/or embarking on new renewable energy activities. The aim is to further strengthen the partnership between Italy and Algeria and between ENI and Sonatrach.
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