Arco Signs EOR Agreement For Rhourde El Baguel Field
After almost four years of negotiations, the US firm Atlantic Richfield (Arco) signed a $1.4bn production-sharing agreement with Algeria's Sonatrach on 15 February to carry out enhanced oil recovery (EOR) at the Rhourde El Baguel field. This is the third major oil and gas contract to be signed by Sonatrach with foreign firms during the past two months. The two previous deals were the $880mn...
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