Oil services firm Petrofac has announced today that it has agreed a £543 million deal with Sonatrach for the Tinhert field development project in Algeria.
Algeria’s energy industry is open for business.
A new extension deal has been struck by partners Total, Sonatrach and Repsol to extend the drilling and development of the Tin Fouyé Tabankort (TFT) gas and condensate field in Algeria.
French oil firm Total has today announced first gas from its Timimoun field in south-western Algeria.
Italian oil service company Saipem said today that it had been ordered to pay Algerian firm Sonatrach $135million in compensation in connection with a construction project.
French oil major Total has agreed a pact with Algeria’s state energy company.
Algeria’s state energy producer Sonatrach Group plans to increase output of natural gas and crude oil by 20 percent in the next four years as new projects start up, Salah Mekmouche, the company’s vice president of exploration and production, said.
Japanese firm JGC has won a $1.4billion contract to help Algeria’s state energy company increase production from its largest gas field, a news report said.
Eni said it has reached a strategic agreement with Sonatrach for the implementation of renewable energy in Algeria.
Sonatrach will be supporting the sixth North Africa Petroleum Exhibition and Conference (NAPEC).
BP has confirmed start-up at its In Salah Gas project in Algeria.
Amec Foster Wheeler has won a contract to remove bottlenecks from the massive Hassi R’Mel gas field, 550-km south of Algiers.
Petrofac has signed two strategic contract agreements with Algerian state-owned Sonatrach. The first is a five year contract providing a range of multi-discipline engineering design and procurement services in support of the company’s upstream hydrocarbon development programme. The company said the contract will cover the early definition of new projects, detailed engineering and services in support of project execution.