Finance
Sonatrach, Eni sign $1.35 billion production sharing deal
Published by Global Banking & Finance Review®
Posted on July 7, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 7, 2025
1 min readLast updated: January 23, 2026
Sonatrach and Eni have signed a $1.35 billion production sharing contract for hydrocarbon exploration in Algeria's Berkine Basin.
DUBAI (Reuters) -Algerian state oil and gas company Sonatrach and Italy's Eni have signed a production sharing contract to explore and develop hydrocarbons in Algeria, Sonatrach said in a statement on Monday.
Total investments for exploration and development work in the Zemoul El Kbar contractual perimeter, which is located in the Berkine Basin some 300 km (186 miles) east of Hassi Messaoud, are estimated at $1.35 billion, the statement said.
The expected production in the framework of the development of the Zemoul El Kbar area is estimated at 415 million barrels of oil equivalent, including 9.3 billion cubic meters of gas over the contractual period.
(Reporting by Ahmed Elimam; Editing by Joe Bavier)
The production sharing contract signed by Sonatrach and Eni is valued at $1.35 billion.
The Zemoul El Kbar contractual perimeter is located in the Berkine Basin, approximately 300 km east of Hassi Messaoud.
The expected production from the Zemoul El Kbar area is estimated at 415 million barrels of oil equivalent, including 9.3 billion cubic meters of gas.
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