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TotalEnergies and Partners Expand PSC for Algerian Onshore blocks

Algerian National Oil Company Sonatrach has extended a production sharing contract (PSC) with majors TotalEnergies and Eni, and U.S. petroleum company Occidental Petroleum for blocks 404a and 208 with an additional 25 years in Algeria’s Berkine Basin.

The extension of the PSC will enable the four parties to develop additional liquids hydrocarbon resources while reducing the carbon intensity of the blocks through the deployment of a carbon reduction-dedicated program.

Link: https://energycapitalpower.com/totalenergies-psc-algerian-onshore-blocks/

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