Algeria’s state-controlled energy company Sonatrach and Thailand’s PTT Exploration and Production signed an agreement to explore joint investment opportunities in oil and gas exploration and production
Algeria’s Sonatrach and Saudi oil and gas investor and operator Midad Energy North Africa have signed a USD 5.4-billion hydrocarbons production-sharing contract for the Illizi South perimeter, Sonatrach announced on Monday.
Sonatrach and Sinopec International Energy Investment (HK) Holding have signed a hydrocarbons PSC worth USD 850 million for exploration and development in Algeria, the Algerian NOC announced.
On May 23, 2024, SONATRACH and the U.S.-based company ExxonMobil finalized a Memorandum of Understanding at SONATRACH’s General Management headquarters. Present at the signing were Mr. Rachid HACHICHI, President and CEO of SONATRACH, and Mr. John ARDILL, Vice President of Exploration & New Opportunities at ExxonMobil.
TotalEnergies and SONATRACH have signed a Memorandum of Understanding to conclude an oil and gas contract in the north-east Timimoun region, under the aegis of Law n°19-13 governing oil and gas activities.
Algeria’s state-owned national oil company (NOC) Sonatrach reported the discovery of ten new oil and gas deposits in the first half of 2023. Sonatrach is currently conducting a full evaluation of the profitability of the discoveries, with conclusions expected by the end of the current year.