Equinor and Sonatrach have signed a memorandum of understanding (MoU) for oil and gas exploration and production in Algeria and internationally.

The MoU, which strengthens the existing partnership between the companies, also includes co-operation within greenhouse gas emissions and carbon management as well as industrial safety management.

In addition, they intend to work together on the implementation of technology to increase hydrocarbon recovery and a development of a model for driving high-performance oil operations.

Equinor entered Algeria in 2004 and its current assets include In Salah and In Amenas, as well as a partnership on exploration in the Timissit licence.

Article source: https://www.energylivenews.com/2021/05/18/equinor-and-sonatrach-sign-mou-for-oil-and-gas-exploration-and-production/