VOL. XLII

No. 05

1-February-1999

ALGERIA

Monument Oil Signs Two Agreements With Sonatrach For InAmedjene And El-Ouar

Britain痴 Monument Oil And Gas announced on 26 January thatit had signed two production sharing agreements with Algeria痴 state-ownedSonatrach for two exploration areas in the Berkine Basin: In Amedjene North(IAN, block 212) and El-Ouar which is contiguous to block 212. In the firstagreement, Monument will purchase 32.67% of the exploration rights in the IANconcession: 16.33% from...