VOL. XLII

No. 38

20-September-1999

ALGERIA

Elf Farms Into Arco痴 Rhourde El Baguel

Elf Hydrocarbures Algerie, a subsidiary of the French firmElf Aquitaine, has signed a farm-in agreement with Arco El Djazair, asubsidiary of Los Angeles-based Atlantic Richfield Company (Arco), for theacquisition of a 40% interest in Arco痴 stake in the Rhourde El Baguel field inAlgeria. Under the original 1996 production sharing agreement (MEES, 19February 1996), Arco holds a 49% stake in the field, while Sonatrach...