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Hydrocarbons: publication of three presidential decrees validating exploitation contracts (OJ)

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Three presidential decrees approving contracts and endorsements of hydrocarbon research and exploitation contracts for the benefit of the national company Sonatrach and its partners were published in the official journal No. 76.

The first decree approves the addendum to the contract of November 24, 1992 for the exploration and exploitation of hydrocarbons on the perimeters called « Oulad-N’Sir » and « Menzel-Lejmat » (blocks: 215 and 405). This addendum to the contract was concluded in Algiers, on October 2, 2019 between the national company Sonatrach -SPA and the companies « PT Pertamina Algeria Eksplorasi Produksi », « Talisman (Algeria) BV » and « Repsol Expoloracion 405A, SA ».

The second decree approves the contract for the exploration and exploitation of hydrocarbons on the perimeter called « Reggane II ». This contract was concluded in Algiers, on October 6, 2019 between the national agency for the development of hydrocarbon resources ( ALNAFT) and the national company Sonatrach-SPA.

As for the third decree, it approves contracts for the research and exploitation of hydrocarbons. These contracts were concluded in Algiers on October 20, 2019 between the national agency for the development of hydrocarbon resources (ALNAFT) and
the national company Sonatrach-S.P.A, on the perimeters called « EL Hadi II » (block: 208 a), « El Hadjra II » (blocks: 416 and 417) and « Garet El Bouib II » (block: 426d).

These approved contracts and riders of contracts will be executed, in accordance with the laws and regulations in force.