VOL. XLIII

No. 28

10-July-2000

ALGERIA

BHP To Develop $1Bn Ohanet Wet Gas Field In Algeria

Algerias Sonatrach and Broken Hill Proprietary Company (BHP) of Australia on 2 July announced the signature of a Risk Service Contract (RSC) agreement for the development of four discovered but undeveloped wet gas and condensate fields in the Ohanet region of Illizi province, approximately 1,300km southeast of Algiers and 100km west of the Libyan border. Under the terms of the agreement, BHP and its joint...