No 24



BP To Sell 50% Of In Amenas, In Salah Stakes

BP is understood to be preparing to sell 50% of its shares in the $2.7bn In Salah project, which is due to produce first gas in mid-2004, and 50% of its shares in the $1.8bn In Amenas gas/condensate project, which is scheduled to begin production in late 2005. BP is, however, to retain its 49% stake in the enhanced oil recovery program for Rhourde El-Baguel, where production is running at around 50,000 b/d. The In...