Algeria: IOCs and Sonatrach agree contract amendments
- 18 Jan 2018
| 4 minute read
A readjustment of relations between international oil companies (IOCs) and the authorities is evidence of a new, more realistic approach towards upstream development. However, difficulties remain. While a number of international partners have successfully amended or extended their contracts with Alnaft, others have surrendered their interests – continuing a trend of the past several years.The most important two contracts to have been altered in a positive way are those regarding Total and Cepsa’s development of the Timimoun tight gas field in south-west Algeria and BP and Statoil’s production of gas at In Amenas.
Don't have an account?
Register for access to our free content
An account also allows you to view selected free articles, set up news alerts,
search our African Energy Live Data power projects database and view project locations on our interactive map