Sonatrach Signs Production-Sharing Contract with Pluspetrol
Algeria's national oil company, Sonatrach, and Argentina's Pluspetrol on 6December signed a production-sharing contract for hydrocarbon exploration andproduction in an area of 924 sq. kms. in eastern Algeria known as El Guelta Nord,north of El Borma oilfield. The contract provides for an exploration commitmentof $23.25mn over a five-year period, covering the drilling of a minimum of three...