VOL. XLVII

No 15

12-April-2004

ALGERIA

Petrovietnam Farms Out Algerian Equity To PTTEP

Petrovietnam is farming out 35% stakes in Algerian Touggourt blocks 433a and 416b to Thailands PTTEP under a joint operating agreement, the company said on 26 March. Working through its investment arm Petrovietnam Investment and Development Company (PIDC), Petrovietnam is expected to complete in April a 2D seismic survey on the blocks, which cover an area of 6,471 sq km, with two appraisal wells due to be...