VOL. XLIII

No. 27

3-July-2000

ALGERIA

First Calgary Petroleums Awarded PSA For Block 406a In Berkine Basin

Algerias state-owned Sonatrach has awarded Canadas First Calgary Petroleum (FCP) a production-sharing agreement to explore Rhourde Yacoub block 406a in the Berkine Basin 15km southeast of Anadarkos giant Hassi Berkine oilfield (see map). The exploration period covers five years consisting of an initial three-year period followed by an optional two-year period. The minimum work commitment in...