ALGERIA: ENI GRANTED
Algeria's state-owned Sonatrach has granted Eni SPA three prospection permits, authorizing Eni, as operator, and Sonatrach to carry out prospection activities in the Timimoun and Oued Mya basins of southern Algeria.
The El Guefoul, Tinerkouk, and Terfas permits—issued by the National Agency for the Promotion of Hydrocarbon Resources (ALNAFT)—are valid for 2 years and cover a total area of 46,837 sq km.
The work program includes studies and drilling of prospection wells to define the potential of the areas. Eni says the three areas are considered of great interest and potential.
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