VOL. XL

No. 6

10-February-1997

ALGERIA

Anadarko To Invest $120Mn In Algerian Upstream Development In 1997

The Houston-based Anadarko Petroleum Corp. announced on 30 January that it plans to invest around $120mn on upstream development in Algeria during 1997, or approximately 40% of its global development budget of $300mn for the year. Anadarko is working to develop three substantial oilfields discovered since 1993. Development of the Hassi Berkine South field is underway with initial production...