Wintershall Dea has signed a memorandum of understanding with Sonatrach aimed at strengthening cooperation in Algeria. The MOU agrees to explore cooperation possibilities and has a term of 2 years, effective July 1. It will provide a framework for Wintershall to identify and potentially access additional business opportunities in the country, which is Africa’s largest gas producer.
Wintershall has been active in Algeria since 2002 and holds a 19.5% share in the Reggane Nord concession. The project involves six gas fields extended over an area of almost 1,800 sq km in the southwestern Sahara Desert. It is operated by Groupement Reggane Nord (GRN), a consortium comprised of Wintershall Dea, Sonatrach (40%), Repsol (29.25%), and Edison (11.25%). GRN first produced gas in 2017 (OGJ Online, Dec. 17, 2017).
