VOL. XXXIV

NO. 47

26-AUGUST-1991

Algeria

First Japanese Exploration Venture in Algeria

Algeria's Sonatrach and the Japan National Oil Corporation (JNOC) signed anagreement in Algiers on 18 August under which the latter will conduct seismicexploration for oil and gas prospects in a 33,000-sq. km. hitherto sparsely explored desert area in southwestern Algeria, known as the Reggame Basin. Theseismic survey work by JNOC is scheduled to be carried out over an 18-monthperiod at a cost of $6-7mn. JNOC...