Eni Awarded New Algerian Permits

Italy's Eni reported Wednesday that it has been granted three new prospecting permits by Algeria's ALNAFT hydrocarbon exploration agency.

The permits will allow Eni, as operator, and state energy company Sonatrach to carry out prospecting activities in the basins of Timimoun and Oued Mya, onshore southern Algeria.

The three permits – El Guefoul, Tinerkouk and Terfas – are valid for two years and cover a total area of 18,000 square miles. The work program includes studies and drilling of wells to define the potential of the areas.

Eni has been present in Algeria since 1981 and has interests in 29 exploration and development licenses that are currently in production as well as three permits under development.

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