Eni, Sonatrach Accelerate Algeria Oil-and-Gas Projects
July 02 2019 - 12:29PM
Dow Jones News
By Nathan Allen
Eni SpA (ENI.MI) and Sonatrach plan to accelerate the
development of oil-and-gas projects in Algeria's North Berkine
basin, the Italian oil major said Tuesday.
The acceleration will significantly increase Algeria's overall
oil production, Eni said.
By the end of July, North Berkine should be producing around
10,000 gross barrels of oil per day, while the associated gas
project should be producing around 6 million cubic meters of
natural gas per day by the end of the year, Eni said.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
July 02, 2019 12:14 ET (16:14 GMT)
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