ALGERIA DETAILS TERMS FOR SECOND LICENSING ROUND

Algeria's Sonatrach has disclosed details of a second exploration licensing round at sessions in Houston and London. Thirty-one blocks are offered covering more than 200,000 sq km in a round designed to license acreage near producing fields as well as frontier territory. Mohamed Babaghayou, Sonatrach deputy general manager of exploration and research, spelled out new bidding procedures designed to improve on last year's first round.

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