Algeria: Petrofac signed a contract worth over a billion dollars   Leave a comment

12/04/2011

ALGIERS – The British oil services group Petrofac signed Monday in Algiers with the In Salah Gas Company a contract for $ 1.185 billion to develop gas fields in the Algerian Sahara, said the news agency.

The In Salah Gas Company is an association between Sonatrach, the Algerian groupBritish Petrolum (BP) and Norway’s Statoil.

The contract covers the development of gas fields of Hassi Moumen, Garet el Befinat, In Salah and Gour Mahmoud, in southern Algeria, the source said.

The group Sonatrach plans to invest between 2009 and 2014 some 63 billion dollars to increase capacity including export of gas.

Source: ennaharonline.com

 

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Posted April 14, 2011 by newworldconsulting in Uncategorized

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