ALGERIA

 

Shell Finalizes Algerian Shale Deal

Shell has signed a 12-month deal with Algerian state firm Sonatrach under which the two firms will work together “on the evaluation of the potential of shale gas and shale oil in the Moudire Basin.” This follows a recent similar agreement with Canadian independent Talisman and a deal struck with Italy’s Eni last year (MEES, 30 July). None of the three deals signed with foreign companies involves exclusive exploration...