Pertamina to acquire interests in three fields onshore Algeria
Key Highlights
- Moeve has agreed to transfer its entire interests in non-operated fields in Algeria to Pertamina.
- Completion of each transfer is subject to customary conditions.
- Moeve will remain in Algeria exploring renewable energy and green hydrogen.
PT Pertamina (Persero), through its Algerian affiliate, PT Pertamina Algeria EP (PAEP), has agreed to acquire non-operated interests in three onshore hydrocarbon fields in the Berkine basin, Algeria, from Spanish integrated energy company Moeve. Financial details were not disclosed.
The deal was carried out by PAEP with Cepsa Algérie, SLU, and Cepsa (Rhourde El Rouni), SLU, subsidiaries of Moeve.
The three fields are Rhourde el Khrouf (RKF), Bir el Msana (BMS), and Ourhoud (ORD).
Completion of the deal is subject to approvals from relevant authorities in Algeria.
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