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Sonatrach, Eni sign $1.35 billion production sharing deal

Sonatrach, Eni sign $1.35 billion production sharing deal

Reuters3 days ago
DUBAI, July 7 (Reuters) - Algeria's state oil and gas company Sonatrach and Italy's Eni (ENI.MI), opens new tab have signed a production sharing contract to explore and develop hydrocarbons, Sonatrach said in a statement on Monday.
Total investments for exploration and development work in the so-called Zemoul El Kbar contractual perimeter are estimated at $1.35 billion, the statement said.
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