Eni acquires BP’s business in Algeria, operating two major gas fields

This acquisition has a great strategic value to further contribute to Europe’s gas needs and strengthens Eni's presence in Algeria

San Donato Milanese (Milan), 07 September 2022 – Eni announces that it 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 approximately 11 billion m3 of gas, 12 million barrels of condensates and LPG.

This acquisition has a great strategic value to further contribute to Europe’s gas needs and further strengthens Eni's presence in Algeria, a major gas producer and a key country in for Eni. Today’s operation will allow Eni to increase its portfolio of assets in the country and, jointly with the the new contracts of Berkine South and Block 404/208 recently signed, will allow new and synergic development opportunities, mainly focused on increasing gas production.

The acquisition is in line with Eni’s distinctive strategy to address the challenges of the current energy market to deliver secure and sustainable energy to customers, while accelerating the path to net-zero.

The transaction is subject to the approvals of the competent authorities.

Eni has been present in Algeria since 1981. Following these acquisitions and the development programs underway in the Berkine basin, in 2023 Eni's production from Algeria will rise to over 120,000 barrels of oil equivalent per day, further confirming Eni as the main international energy company operating in the country.

How does EnergIA work?

EnergIA (ener'dʒia) is a system based on Generative Artificial Intelligence. Thanks to this technology, we can respond to your requests by querying the most relevant content and documents available on eni.com. (Note: financial documents from the last 12 months and press releases from the last 2 years are considered.) Through EnergIA, you can delve into topics of interest and have a real-time window into the world of Eni.
If you wish to search for a specific document, press release or news, use the traditional search engine via the magnifying glass icon.

Like all systems that leverage Generative Artificial Intelligence, EnergIA may generate inaccurate or outdated responses. Always consult the sources that EnergIA proposes as the origin of the generated information.
If the system fails to find an exact match for the requested content, it still tends to provide a response.
If you find any inaccuracies in the provided response, please send us your feedback at the bottom of the page: it will be very helpful for us to improve.

Remember that the content generated by the system does not represent Eni’s official position. We therefore invite stakeholders to refer to their designated contacts for official statements: Press Office for journalists, Investor Relations for analysts and investors, Company Secretariat for shareholders etc..

EnergIA can understand questions posed in almost all languages, but we prefer to provide you with a response in English or Italian, the two languages available on eni.com. If you ask a question in Italian, the content on the site in Italian will be consulted. If you ask it in English or any other language, the content in English will be consulted. (Note: the language Eni uses for financial documents/content is predominantly English.)

If questions are formulated that violate the set security criteria, the system will not proceed with processing the response. Please remember not to send personal data.

By using this service, the users acknowledge that they have read and accepted the terms and conditions of use.

Eni acquires BP’s business in Algeria, operating two major gas fields

This acquisition has a great strategic value to further contribute to Europe’s gas needs and strengthens Eni's presence in Algeria

Press Office

Freephone for shareholders (from Italy)

Freephone for shareholders (from abroad)

Media Relations - Milan

Media Relations - Roma

Investor Relations

Switchboard