Following this operation and the development programs in the Berkine basin, Eni’s production in Algeria is expected to reach over 120,000 boe/d in 2023, according to the Oct. 10 release. (Source: Shutterstock.com)
Production at two Algeria gas fields recently started, which Italy’s Eni SpA said will help “satisfy the demands of the European market.”
Eni and Algerian state oil and gas producer Sonatrach announced on Oct. 10 the recent start of production from the two gas fields within the new Berkine South contract at 1 million cubic meters per day. Output will reach two million before the end of the year to boost Algeria’s gas exports, Sonatrach added.
Berkine South is the first contract to be signed under the new Algerian hydrocarbon law 19-13 and is operated by Eni and Sonatrach. The new volumes are added to the Berkine North contract and other operated regional activities, according to Eni’s release.
Following this operation and the development programs in the Berkine basin, Eni’s production in Algeria is expected to reach over 120,000 boe/d in 2023.
Eni has been present in Algeria since 1981 and is currently the main international energy company operating in the country. In September, the company announced that it had agreed to acquire BP’s operations in Algeria, including “In Amenas” and “In Salah”, which the company said was “the most important gas production fields operated by international companies in the country.”
Recommended Reading
M&A Target Double Eagle Ups Midland Oil Output 114% YOY
2025-01-27 - Double Eagle IV ramped up oil and gas production to more than 120,000 boe/d in November 2024, Texas data shows. The E&P is one of the most attractive private equity-backed M&A targets left in the Permian Basin.
Occidental, Ecopetrol Extend Midland Basin Drilling JV
2025-02-03 - The updated plans between Occidental and Colombian state oil company Ecopetrol call for 34 new Midland Basin wells between April 2025 and June 2026.
Report: Diamondback in Talks to Buy Double Eagle IV for ~$5B
2025-02-14 - Diamondback Energy is reportedly in talks to potentially buy fellow Permian producer Double Eagle IV. A deal could be valued at over $5 billion.
NOG Spends $67MM on Midland Bolt-On, Ground Game M&A
2025-02-13 - Non-operated specialist Northern Oil & Gas (NOG) is growing in the Midland Basin with a $40 million bolt-on acquisition.
Report: Will Civitas Sell D-J Basin, Buy Permian’s Double Eagle?
2025-01-15 - Civitas Resources could potentially sell its legacy Colorado position and buy more assets in the Permian Basin— possibly Double Eagle’s much-coveted position, according to analysts and media reports.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.