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Sonatrach and Eni sign $1.35 billion production sharing agreement for Zemoul El Kbar project.
Jul 07, 2025•12 months ago
Contract Type
agreement
AlgeriaEnergyOil And Gas
Description
Algeria’s Sonatrach and Italy’s Eni have established a 30-year production sharing agreement for the development and exploration of the Zemoul El Kbar area, involving investments of $1.35 billion. The agreement includes a seven-year exploration phase and aims to optimize oil and gas recovery using advanced technologies.
Company Information
Company
Sonatrach and Occidental Petroleum
Location
Algeria
About
Sonatrach is the state-owned company that manages the hydrocarbon sector in Algeria. Occidental Petroleum Corp is a US-based company involved in the oil and gas industry.
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AlgeriaEnergyOil And Gas