VOL. XLI

No. 03

19-January-1998

ALGERIA

Sonatrach Signs E&P Agreement With Oryx

Algeria's state-owned Sonatrach on 14 January signed a production sharing contract withthe US firm Oryx Energy Inc. covering 7,570 sq. kms. in the Timissit area(blocks 210 and235) next to the Berkine Basin in the southeastern part of the country, according to aSonatrach announcement. The five-year agreement is divided into three phases with Oryxcommitted to spend $28.8mn. The first phase, covering 30 months,...