The contract includes the construction of an LPG extraction unit, the drilling of twelve oil wells, and one water injection well among other projects
Algeria
Posted inNews
Petrofac signs $1.5 billion EPC contract in Algeria
Petrofac today confirmed it has entered into a definitive agreement with STEP Polymers SPA, a Sonatrach subsidiary, for the design and build of its petrochemical complex in the Arzew Industrial Zone in Algeria. The contract award was originally announced in May 2023. Petrofac will deliver the $1.5 billion project with its joint venture partner China […]
Posted inPETROCHEMICALS
Petrofac JV secures $1.5 billion contract for giant petrochemicals project
A join venture of Petrofac and China Huanqiu Contracting & Engineering Corp, has secured a $1.5 billion EPC contract from STEP Polymers SPA, a Sonatrach subsidiary, for a significant petrochemical project in Algeria. The plant will be located at the Arzew Industrial Zone, west of Algiers. Covering the design and build of two major integrated […]
Posted inExploration & Production
Algeria announces six new oil discoveries
Algeria’s state-owned energy company Sonatrach, one of the world’s largest oil firms, has announced six new oil discoveries in various parts of the North African Arab nation. In a statement published by local media, Sonatrach said the new discoveries were made in the first quarter of 2023. Two discoveries were made in Amguid in East-Central […]
Posted inNews
Eni, Snam finalise $438 million pipeline deal
Italian energy infrastructure company Snam earlier this week closed the acquisition of a 49.9% of the equity interest directly and indirectly held by Eni in the companies operating two groups of international gas pipelines connecting Algeria to Italy. The scope of the transaction includes the onshore gas pipelines running from the Algeria and Tunisia borders to […]
Posted inExploration & Production
Algeria’s Sonatrach begins production from Tinrhert field
The field will produce 500 tons of liquefied natural gas and 800 tons of condensate per day
Posted inExploration & Production
Eni starts up fast-tracked gas fields in Algeria
By the end of this year, the two fields’ production capacity is anticipated to reach two million cubic meters
Posted inPeople
Petrofac’s EPC head talks about future of energy in the Middle East
In an exclusive interview with the Oil & Gas Middle East, Elie Lahoud, COO of Petrofac’s Engineering & Construction division, discusses the oil and gas market’s contract activity, Petrofac’s key projects in the Middle East, and the region’s energy transition
Posted inNews
Eni acquires BP’s gas business in Algeria
According to Eni, this acquisition has will contribute to Europe’s gas needs and further strengthen the company’s presence in Algeria
Posted inExploration & Production
Sonatrach strikes oil in Algeria’s Adrar province
This is the company’s fourth major discovery this year
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