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Eni will acquire BP business in Algeria

Eni has agreed to acquire BP business in Algeria, including the two gas-producing concessions “In Amenas” and “In Salah” (45.89% and 33.15% working interest respectively). The “In Amenas” and “In Salah” assets, which are jointly operated with Sonatrach and Equinor, are located in the Southern Sahara and their production of gas and associated liquids began in 2006 and 2004 respectively. In 2021, they produced 11 bcm of gas and 12 mbl of condensates and LPG. The transaction is subject to the approvals of the competent authorities. Following these acquisitions and the development programs underway in the Berkine basin, in 2023 the company's production from Algeria will rise to over 120,000 boe/d. In 2021, the country produced 1.3 mb/d of oil and 99 bcm of natural gas.