ROD Partners Get 10 More Years in Algeria

Monday, July 25, 2016

BHP Billiton, ENI, and Sonatrach have entered into an agreement that extends their PSC in Algeria for the Rhourde Ouled Djemma (ROD) and satellite fields in Blocks 401a/402a. The extension gives the partners an additional 10 years on the acreage.

The agreement, pending final approval, also lays the foundation for the completion of the unitization process to connect the Sif Fatima field (SF), where Sonatrach has a 100% stake, and the Sif Fatima North East (SFNE) field which is a part of the ROD Unit.

The ROD Unit consists of six satellite deposits in the Berkine Basin that pump oil back to a dedicated processing train.

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