Sonatrach Signs New Exploration Accord with Arco; More Exploration DealsExpected Soon
Algeria's national oil company Sonatrach has signed production sharingagreements with the US firm Atlantic Richfield (Arco) for oil and gasexploration in two Saharan tracts with a total acreage of 14,897 sq. kms. Thefirst contract covers 9,952 sq. kms. in the Oued Mya basin, comprising blocks418, 419B and 438A in the Guerrara area east of the Hassi R'Mel gasfield. Thesecond...