By Dominic Chopping


Equinor ASA said late Monday that it has signed a memorandum of understanding with Algerian state-owned oil company Sonatrach to examine cooperation within oil-and-gas exploration and production in Algeria and internationally.

The Norwegian oil-and-gas major said the deal includes cooperation within greenhouse gas emissions and carbon management, industrial safety management, implementation of technology to increase hydrocarbon recovery and development of a model for driving high-performance oil operations.

Equinor entered Algeria in 2004 and its current assets include the In Salah and In Amenas projects as well as a partnership on exploration in the Timissit license.


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(END) Dow Jones Newswires

May 18, 2021 02:41 ET (06:41 GMT)

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