Sonatrach Signs Fifth E&P Agreement WithAgip
Algeria's state-owned Sonatrach on 27 May signed a production sharing contractwith Italy's Agip covering the 2,284-sq. km. In Amedjene area (Block 213), located in the GhadamesBasin around 250 kms. to the southeast of Hassi Messaoud. Under the agreement, Agipundertakes to shoot 2-D seismic covering an area of 1,400 sq. kms. and drill five exploration wellsduring a five-year period at a total cost of $31.7mn. This...