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Sunday, June 15, 2025 14:16 GMT

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Chevron Inks MoU with Algerian Sonatrach


Sonatrach and Chevron FEA International Ventures Ltd. signed a memorandum of understanding (MoU) with the objective of discussing possibilities for hydrocarbon resources development in Algeria.

Areas of interest identified in the MoU are the Ahnet and Berkine basins, Sonatrach said in a release June 13.

“Algeria has a world-class petroleum system with the potential for significant oil and gas resources,” said Chevron vice-president of International Exploration, Liz Schwarze. Given Chevron's recognized capabilities in the development of oil and gas, “we are enthusiastic about the potential for synergies and partnerships that we can create,” she said.

Sonatrach has recently signed various agreements aimed at supporting projects in Algeria and boosting gas supplies to Europe (OGJ Online, May 24, 2024).

One such MoU, signed in May with ExxonMobil Corp., also aims to study opportunities to develop hydrocarbon resources in Ahnet basin.


published:17/06/2024 11:38 GMT

Related News

  • Chevron in Talks with Algeria for Energy Exploration Deal  07/02/2023 05:58 GMT
  • Algerian Sonatrach, Chevron Sign MoU  18/03/2020 09:43 GMT

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