Eni, Sonatrach to Fast-track New Algerian Oil and Gas Discovery

Eni and Sonatrach said that the reservoir in the Zemlet el Arbi concession in the Algerian desert, is estimated to hold about 140 million barrels of crude.

Reuters

Italy’s Eni and Algerian state-energy company Sonatrach said on March 20 they had made an important oil and gas discovery in Algeria’s eastern Berkine basin.

The companies said that the reservoir in the Zemlet el Arbi concession in the Algerian desert, is estimated to hold about 140 million barrels of crude.

Europe is seeking energy alternatives to end its reliance on oil and gas from Russia after Moscow’s invasion of Ukraine.

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