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UPDATED 1 Sept: The EI library in London is temporarily closed to the public, as a precautionary measure in light of the ongoing COVID-19 situation. The Knowledge Service will still be answering email queries via email , or via live chats during working hours (09:15-17:00 GMT). Our e-library is always open for members here: eLibrary , for full-text access to over 200 e-books and millions of articles. Thank you for your patience.
PETRO-CANADA SAYS TO STAY IN NORTH AFRICA
Petro-Canada, which recently abandoned the goal of being a big international oil player, has no plans to abandon exploration in North Africa, according to a company official. Ron Brenneman, Petro-Canada's new chief executive, said earlier this month that the company had abandoned plans to become a big international oil player because it could pump out richer returns from its swathe of assets at home. The company is exploring its Tataouine acreage in southern Tunisia and had negotiated an extra one-year extension and was also awaiting clearance for development of its acreage in Algeria's Tamadanet block where five discoveries were made.
News Item details
Countries: Algeria - Tunisia -
Organisation: Petro-Canada
Subjects: Information technology, Domestic, Oil, Drying / evaporation
