Eni bags Algeria blocks

The Italian giant will be required to carry out studies and drill exploration wells on the three tracts – El Guefoul, Tinerkouk and Terfas – covering 46,837 square kilometres in the Timimoun and Oued Mya basins onshore southern Algeria.

Eni will act as operator for the permits with state-owned Sonatrach as partner.

“The three areas are considered of great interest and potential,” the Milan-based company said.

The latest awards add to Eni’s existing tally of 32 licences in Algeria, of which 29 are producing and three are under development.