Area Drilling

AlgeriaSonatrach let a $257 million contract to a joint venture of Saipem SPA and Bouygues Group for development of oil reserves in the Berkine basin.The contract involves development of Rhourde Oued Djemaa oil field and five nearby oil fields in southeastern Algeria. Sonatrach, Agip SPA of Italy, and BHP Billiton of Australia jointly hold the fields.The project involves various installations, including a central treatment unit, a gathering network, and oil storage tanks. The companies will spend another $190 million to drill 20 production wells. With reserves of 300 million bbl, the six fields are to begin producing 80,000 b/d in 2004.United KingdomRoc Oil Ltd., Sydney, is gathering 40...

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