Petroleum Africa
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Monday, February 27, 2017
Algeria’s state-run oil and gas firm Sonatrach is reportedly in talks with a number of international oil companies (IOCs) regarding offshore drilling. While the North African country is one of the continent’s largest producers, all of its production is from onshore fields, despite its neighbors to the east and west producing from offshore fields.
A Reuters report cited a source at Sonatrach as saying that the firm was in talks IOCs like ExxonMobil, Anadarko, and ENI.
“Seismic operations carried out by Sonatrach have shown an interesting potential in the areas including Bejaia and Oran,” said the source, who asked not to be identified. “Foreign partners, including Anadarko, ExxonMobil and ENI were invited by Sonatrach to provide technical assistance given the experience they acquired in the Gulf of Mexico and deep water in Mozambique,” the Sonatrach source said.
”The offshore is complementary to our operations in the south. It will also contribute to boosting our output,” the source said.
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