Equinor, Sonatrach in Oil, Gas Exploration and Production Deal
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.
Write to Dominic Chopping at email@example.com
(END) Dow Jones Newswires
May 18, 2021 02:41 ET (06:41 GMT)
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