Sonatrach, Pertamina Signed Petroleum MoU

Sonatrach, Pertamina Signed Petroleum MoU

Algeria’s Sonatrach has signed a cooperation agreement with the Indonesian state-owned oil and gas giant Pertamina to increase production from overseas oil and gas fields, The Jakarta Post reported.

The memorandum of understanding (MoU) came on the sidelines of the International Energy Forum held in Algeria late September. The deal was sign by Sonatrach’s CEO, Amine Mazouzi, and his Pertamina counterpart, Dwi Soet Jipto, in the presence of Energy Minister Noureddine Boutarfa, according to All Africa.

The agreement aims at setting up an appropriate framework for research and implementation of new opportunities between the two companies in new upstream and downstream hydrocarbon projects in Algeria. Furthermore, the deal allows the two companies to exchange information on liquefied natural gas (LNG) and its downstream products, as well as collaborate in the petrochemical sector.

The MoU is a reactivation of the former 2012-2014 cooperation framework between the two companies on oil and gas activities.

Pertamina Company has been operating in Algeria since 2010 and has participated in many oil operations since 2014, particularly in Menzel Ledjmet (north) gas field in Illizi. The company imports 6mb of oil per year from Algeria. Egypt Oil&Gas previously reported that Pertamina’s Algerian assets has boosted the companies output by over 50,000 barrels.


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