Sonatrach Signs Production Sharing Agreement with Phillips
Algeria's national oil company Sonatrach on 11 July signed aproduction-sharing agreement with the US firm Phillips Petroleum Company for theexploration of approximately 6,000 sq. kms. of acreage in Blocks 209 and 406blocated in the Bordj Messouda area to the southeast of the Hassi Messaoudoilfield. Phillips is committed to reinterpret 425 kms. of seismic data, shoot750 kms. of new seismic lines, and...