Statoil Enters Algerian Gas Sector Through BP Share Transaction

...7bn, of which Statoil’s share is $540mn. Phase One of the project, involving the development of the Krechba, Reg and Tegentour fields, is 70% complete and gas sales are fully contracted at 9 bcm/y to 2017, Statoil said. The In Amenas project, which is licensed to 2022 with a five year extension op...