Algeria News » Illizi News Algeria » Illizi: Sonatrach, Midad Energy sign $5.4bn contract for Algeria’s Illizi Basin
Algerian state-owned oil company Sonatrach and Saudi Arabia's Midad Energy North Africa have signed a production-sharing contract (PSC), worth around $5.4bn (AD704.08bn), focused on oil and gas ...
News Algeria » Illizi: Sonatrach and Midad Energy Ink $5.4 Billion Deal for Illizi Basin Development
Algeria’s state-owned energy giant Sonatrach has signed a $5.4 billion production-sharing agreement with Saudi Arabia’s Midad Energy North Africa to explore and develop hydrocarbons in the Illizi ...
News Algeria » Illizi: Midad to Invest $5.4B in Algerian Production Sharing Contract
Sonatrach signed a 30-year exploration and production contract with Midad Energy for the Illizi South area, expecting a total of 993 million barrels of oil equivalent. Image by MSC via iStock ...
News Algeria » Illizi: First of new Nomad-class desert rigs heads to Algeria
BP Exploration (Algeria) Ltd. has chosen a newly designed desert rig to drill in the Illizi basin. The operator has given a 1-year, extendable contract worth about $16 million to international ...
News Algeria » Illizi: Repsol makes third gas discovery in Algeria’s Illizi basin
Repsol SA encountered gas at a depth of 1,307 m in the Tan Emellel Sud-Ouest-2 (TESO-2) exploration well of the Sud-Est Illizi block in southeast Algeria, yielding a flow rate of 175,000 cu m/day and ...
News Algeria » Illizi: Chinese Service Firms Expand Their Footprint in Algeria’s Oil and Gas Sector
Sonatrach is deepening its reliance on Chinese oilfield services and engineering companies through a growing series of contracts and partnerships. Anton is positioning Algeria as a new growth market ...