Equinor and Algerian state-owned Sonatrach signed a memorandum of understanding (MoU) to examine cooperation regarding oil and gas exploration and production in Algeria and internationally.
The MoU also 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. Current assets include In Salah dry gas field and In Amenas gas-condensate field, as well as a partnership on exploration in the 2,730-sq-km Timissit license in the Illizi-Ghadames basin in the southeast part of the country (OGJ Online, Sept. 30, 2014).