The 2 state controlled companies are looking at opportunities inside and outside Algeria
Algiers, May 18 - Neftegaz.RU.
On 17 May Equinor and Sonatrach
signed a memorandum of understanding (MoU) to examine cooperation within oil and gas exploration and production in Algeria and internationally.
The signing of the MoU strengthens the existing partnership between Equinor and Sonatrach.
The MoU also includes cooperation within greenhouse gas emissions
and carbon management, industrial safety management, implementation of technology to increase hydrocarbon recovery
and development of a model for driving high-performance oil operations.
Together with BP and the Algerian national oil company Sonatrach Equinor
is involved in the development and production of 2 of the largest gas fields in the country.
Equinor entered Algeria
in 2003 following the purchase of:
Current assets include In Salah dry gas field
and In Amenas gas-condensate field, as well as a partnership on exploration in the 2,730 sq.km. Timissit license in the Illizi-Ghadames basin
in the southeast part of the country.