Gulf Oil and Gas accountACCOUNT

Sonatrach Says Foreign Energy Partnerships Essential

Source: www.gulfoilandgas.com 5/1/2019, Location: Africa

Sonatrach wants to develop its partnerships with foreign firms to boost output and exports. Algeria, a member of the Organization of the Petroleum Exporting Countries and a major gas supplier to Europe, has struggled to lift production to meet rising domestic demand, while foreign investors have often baulked at contract terms.

The former CEO had been seeking to make Algeria more attractive to foreign investors by resolving a series of disputes with oil majors including France’s Total, Italy’s ENI and Spain’s Repsol.

Sonatrach has a deal with Britain’s BP and Norway’s Equinor to develop Algeria’s shale gas reserves, but industry sources said in March that talks with Exxon Mobil on developing a gas field had stalled.

Algeria produces an estimated 1 million barrels per day of crude and 135 billion cubic metres a year of gas. Oil and gas account for 94 percent of Algeria’s total exports and 60 percent of the state revenues.

Production News in Algeria >>

Egypt >>  10/26/2020 - BP announced the start of gas production from its latest development offshore Egypt – the Qattameya gas field in the North Damietta offshore concessio...
Falkland Islands >>  10/26/2020 - Borders & Southern Petroleum plc is pleased to announce that it has been granted an extension to its Falkland Islands licences. The Company's Producti...

Australia >>  10/23/2020 - Quarterly production broadly steady at 6.8 MMboe as revenues increase by 13%
• Q1 FY21 production of 6.8 MMboe was 1% below the prior quarter, w...

Australia >>  10/22/2020 - Santos released its 2020 Third Quarter Activities Report.
<...


China >>  10/22/2020 - CNOOC Limited announced that Bozhong 19-6 condensate gas field pilot area development project has safely commenced production. ...
Senegal >>  10/22/2020 - Performance
• Delivered production of 25.3 MMboe, up 2% from Q3 2019.
• Delivered sales volume of 26.7 MMboe, up 10% from Q3 2019.
• ...


Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


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

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.