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Algeria’s TFT gas field licence extended
Sonatrach, Total, Repsol and Alnaft (the National Agency for the Valorisation of Hydrocarbon Resources), have signed a new concession contract for a period of 25 years to extend exploration and production at Algeria’s Tin Fouyé Tabankort (TFT) gas and condensate field. The deal will give Total a 26.4% interest alongside Sonatrach (51%) and Repsol (22.6%). The companies have also signed a gas marketing agreement.
The partners plan to develop more than 250mn boe of additional field reserves. TFT currently produces over 80,000 boe/d.
News Item details
Journal title: Petroleum Review
Countries: Algeria -
Subjects: Gas markets, Economics, business and commerce, Exploration and production, Gas
