Continental Focus, International Reach

Sonatrach and Cepsa in Deal to Boost Production

Monday, January 22, 2018

Sonatrach signed a deal with Cepsaaimed at boosting production at the Rhourde el Khrouf oil and gas field in southeastern Algeria.The deal should raise production at the field from 11,000 bpd of oil to 24,000 bpd of oil after five years, and to 10,000 bpd of liquefied petroleum gas after six years, AbdelmoumenOuldKaddour, chief executive of the Algerian state-run firm said.

The deal includes a $1.2-billion investment and the length of the contract is 25 years, OuldKaddour was quoted as saying by Reuters.

Rhourde el Khrouf is located southeast of the giant HassiMessaoud oilfield


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