ENI OIL ALGERIA LIMITED

1. ENI OIL ALGERIA LIMITED 2003-04-10 → present
2. LASMO OIL (ALGERIA) LIMITED 1988-07-05 → 2003-04-10

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors are satisfied that the company has adequate financial resources, including access to Eni S.p.A. and its subsidiaries' (Eni Group) financial resources, if required, to continue to operate for the foreseeable future being not less than twelve months from the date of signing of these financial statements and meet its obligations as they fall due. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.”

Significant events

• “On 30 June 2022, the Board of Directors of the company approved the termination of the PSA and the withdrawal from blocks 208 and 404 to allow an affiliate company, Eni Algeria Exploration B.V., to become a party to a new PSA, replacing the company.”
• “On 3 May 2023 ("completion date"), the Government Gazette notice was signed, and the reorganisation agreement and termination of the PSA were completed.”
• “On 5 June 2023 Eni Algeria Exploration B.V. paid the agreed compensation of $348,767,000 to the company, representing the adjusted net book value of the company after completion of the company's interest in the PSA.”
• “This receivable amount was settled by Eni Algeria Exploration B.V. on 23 November 2023.”
• “Since June 2023 the company has no oil and gas activity.”
• “In 2024 the company, together with its partners Oxy, Total Energies and SONATRACH appointed a liquidation committee to address any outstanding matters related to the former PSA obligation operated by Groupement Berkine under the Law 86-14.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

9

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -98.5%

  £243,725,723 → £3,737,583

• Cash

  -76.2%

  £133,752,409 → £31,894,737

• Net assets

  —

  Not reported

• Employees

  —

  Not reported

• Operating profit

  -99.5%

  £220,781,319 → £1,171,238

• Profit before tax

  -96.3%

  £228,324,685 → £8,375,834

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers