Gulf Oil and Gas accountACCOUNT

CEPSA Announces Renewal of Contract to Continue Operating the RKF Field in Algeria

Source: www.gulfoilandgas.com 7/2/2008, Location: Africa

CEPSA signed an agreement with the Algerian national oil company Sonatrach to extend the association contract for the RKF field operation for an additional five-year period. The renewal of this agreement marks a further step in the close ties and strategic partnership forged between both companies, involving joint projects, not only in the area of oil and gas exploration and production, but also gas retailing and cogeneration activities in Spain, and leadership of the MEDGAZ pipeline project.

The RKF field is operated by CEPSA and was placed on-stream in 1996. Last year, it yielded an average of 20,000 BOPD of high-quality Saharan Blend crude oil. The development plan approved by Sonatrach and CEPSA will enable maintaining the aforementioned production level during the entire extension period of the contract.

Acquisitions and Divestitures News in Algeria >>

Canada >>  7/2/2020 - Advantage Oil & Gas Ltd. has successfully closed the previously announced sale of a 12.5% interest in the Glacier Gas Plant to Topaz Energy Corp. ("To...
Nigeria >>  7/2/2020 - Sasol and Chevron have signed an agreement that will result in Sasol selling its indirect beneficial interest in the Escravos GTL (EGTL) plant in Nige...

United Kingdom >>  7/2/2020 - Premier is pleased to announce that the Group’s creditors have approved the acquisition of the Andrew Area and Shearwater assets (together, the “BP ac...
United States >>  7/2/2020 - Mosman Oil and Gas Limited has undertaken a placing to raise £400,000 (before expenses) by the issue of 500,000,000 new ordinary shares (the "Placing ...

Cameroon >>  7/1/2020 - Tower Resources plc, the AIM listed oil and gas company with its focus on Africa, announces a further extension of its Loan Facility ("Facility") of ...
Switzerland >>  7/1/2020 - Clariant, a focused, sustainable and innovative specialty chemical company, completed the sale of its entire Masterbatches business to PolyOne. The en...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Algeria Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |

Oil & Gas Projects in Algeria >>

More News

Related Links

AO BJ BW CD CG CI CM DZ EG ET GA GH GM GN GQ GW KE LR LY MA MG ML MR MZ NA NE NG RW SC SD SL SN SO ST SZ TD TN TZ UG ZA ZM
Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.