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BP Selling Algerian Business to Eni
Upstream business and project shares included
BP is selling its upstream business in Algeria to Eni, including its interests in the gas-producing In Amenas and In Salah concessions. They hold working interests of 33.15% and 45.89% in the In Salah and In Amenas projects respectively. Both are operated by joint ventures co-owned by BP, Equinor and Sonatrach.
Anja-Isabel Dotzenrath, BP’s Executive Vice President, Gas & Low Carbon Energy, says, “BP has worked successfully with Algeria and our partners over almost 30 years. We believe this agreement represents a good outcome for BP and Eni”.
The In Salah Gas joint venture has developed seven gas fields in the Southern Sahara, approximately 1,200 kilometres south of Algiers. Production began in 2004 with a second phase starting up in 2016. The In Amenas joint venture produces gas and natural gas liquids from the Illizi basin in south-eastern Algeria, with first production coming in 2006.
