ADNA advises Eni on the acquisition of BP’s business in Algeria
Monday 12 September 2022
ADNA has advised, #eni, along Pinsent Masons, on the acquisition of #bp’s two gas-producing concessions “in Amenas” and “in Salah” jointly operated with Sonatrach and Equinor. This acquisition has an important strategic value and contributes to Europe’s gas needs whilst strengthening Eni’s presence in Algeria.
Foued Bourabiat, ADNA Partner in Algiers commented: “we are very pleased to have advised Eni, a major international oil company, to strengthen its position in Algeria following this significant acquisition.”
ADNA has extensive experience in the energy sector in Algeria. We have recently advised Edison on an agreement to sell its stake in the North Reggane license in Algeria and Occidental Petroleum on the signing of a USD multibillion production-sharing contract (PSC) extending control over two blocks in Algeria.
The ADNA team was led by Partner Foued Bourabiat (Algeria) and Associate Fayçal Zedek (Algeria).
Dalila Hammadi – T +33 (1) 88 33 26 39 – firstname.lastname@example.org