Algeria's Sonatrach awards nine licenses in several basins

04/25/2005
Algeria’s state owned Sonatrach has awarded nine new licenses for oil and gas exploration to international companies on Apr. 9 in its sixth international licensing round.BP PLC won three blocks, while BHP Billiton Ltd., Gulf Keystone Petroleum Ltd., and a Shell affiliate were awarded with two blocks each. Sonatrach offered 10 blocks.BP blocksBP, already involved in several large projects in Algeria, won the Southeast Illizi and Bourarhat blocks in the Illizi basin and the Hassi Matmat block in the Benoud basin 160 km northeast of supergiant Hassi R’Mel gas-condensate field.The company plans to acquire seismic data and drill wells on both blocks.BP and Sonatrach operate Rhourde...
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