VOL. XLV
No 40
7-October-2002
ALGERIA
Sinopec Awarded Zarzaitine Field EOR Project
Algeria hasawarded a $525mn enhanced oil recovery (EOR) project for the Zarzaitine field to Chinas Sinopec. Spains Repsol-YPF also bid on the project. The agreement, underwhich Sinopec will work to boost the recovery rate atthe field from 40% of reserves to 50%, will be financed 75% by Sinopec and 25% by Sonatrach. Sinopec has agreed to pay a $41mn signing bonus. The workprogram, scheduled to be carried out over 20...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!