Eni, E.ON, Gazprom and BG Group sign deals for Algerian acreage in disappointing licensing round

摘要

Eni, E.ON, Gazprom, and BG Group have signed deals worth a total of $272 million to explore for oil and gas in Algeria after winning permits under the country's seventh licensing round last month. "The four companies will invest a total of $272 million. It's an appreciable investment if we take into account the current (international) circumstances," said Djilali Takherist, head of the commission handling the tender, at the contract-signing ceremony.