Continental Focus, International Reach

ENI, Sonatrach and Total to Venture Offshore Algeria

Wednesday, October 31, 2018

In Algeria ENI, Sonatrach, and Total entered into two agreements on the sidelines of the Algeria Energy Summit taking place in Algiers. One of the agreements have the three firms teaming up to explore offshore Algeria in a virtually unexplored geological province.

In parallel, ENI and Total will also pursue obtaining exploration permits that will allow for the rapid completion of an assessment of the hydrocarbon potential.

ENI’s CEO, Claudio Descalzi, said “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.”