Repsol Farms Out To Petronas Carigali In Zirara Block
The Algerian Government approved on 13 November an agreement whereby Spain's Repsol isto farm out 50% of its share in the Zirara area (block 425) to Malaysia's PetronasCarigali. Algeria's Sonatrach had awarded Repsol a production sharing contract in May 1994covering the 6,423-sq. kms. Zirara block, located southeast of Hassi R'Mel and west ofHassi Messaoud. Under the agreement, Repsol is obligated to...