By Alberto Delclaux 
 

Eni SpA (ENI.MI) has reached an agreement with Algerian state-owned Sonatrach to take a 49% stake in three oil concessions in the North Berkine basin, the company said on Monday.

The reserves of the three blocks in Algeria are estimated at 145 million barrels of oil equivalent, Eni said. Production is expected to start before the end of 2020, it added.

Sonatrach will keep a 51% stake in the concessions.

 

Write to Alberto Delclaux at alberto.delclaux@dowjones.com

 

(END) Dow Jones Newswires

October 29, 2018 05:51 ET (09:51 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
Eni (BIT:ENI)
Gráfica de Acción Histórica
De Feb 2024 a Mar 2024 Haga Click aquí para más Gráficas Eni.
Eni (BIT:ENI)
Gráfica de Acción Histórica
De Mar 2023 a Mar 2024 Haga Click aquí para más Gráficas Eni.