Italian energy company Eni signed several agreements with Algeria’s national oil company Sonatrach to collaborate across the upstream sector.Â
Eni CEO and Sonatrach president Toufik Hakker met at Eni headquarters to ink the deals in exploration and production, research and development, decarbonisation, and training.
The first agreement involves the implementation of a programme to restart exploration and development in the Berkine basin region, with plans to create a gas and crude oil development hub to function in synergy with existing MLE-CAFC installations. “This agreement is part of the process for the finalization of a new hydrocarbon contract in the basin, under the aegis of the new Algerian oil law which came into force in December 2019,” Eni noted in a press release.
Claudio Descalzi and Toufik Hakkar also signed a memorandum of understanding for the development of the partnership between Eni and Sonatrach in the new technologies sector, with a focus on renewable energy, biofuels and hydrogen. This agreement aims to strengthen the cooperation already in place between the two companies in the technological field and continue the decarbonisation path undertaken to support the transition towards a low carbon future.
Eni and Sonatrach have also agreed to collaborate in other sectors such as staff training, through the signing of an agreement that provides for cooperation between Eni Corporate University and the Institut Algerien du Petrole for the implementation of training programs in the Upstream and new technologies related to the energy transition fields.
