Energy Capital & Power

TotalEnergies and Partners Expand PSC for Algerian Onshore blocks

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Algerian National Oil Company Sonatrach has extended a production sharing contract (PSC) with majors TotalEnergies and Eni, and U.S. petroleum company Occidental Petroleum for blocks 404a and 208 with an additional 25 years in Algeria’s Berkine Basin.

The extension of the PSC will enable the four parties to develop additional liquids hydrocarbon resources while reducing the carbon intensity of the blocks through the deployment of a carbon reduction-dedicated program.

“This new contract on Berkine asset, under the Algerian new Hydrocarbon Law, marks a new milestone in the strategic partnership with Sonatrach. This project is in line with the Company’s strategy to develop low-cost oil while contributing to carbon reduction programs to minimize our carbon footprint,” says TotalEnergies Senior Vice President Middle East and North Africa, Exploration & Production Laurent Vivier.

The partners will co-explore opportunities to develop natural gas resources in the blocks to expand Algeria’s exports to Europe. 

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Nicholas Nhede

Nicholas Nhede

Nicholas is an energy sector journalist with a passion on how technology and diversification of the energy mix can be used to address energy sector challenges. Nicholas holds a diploma in Journalism and Communication studies and has been covering energy-related topics including the Internet of Things, distributed energy and digitalisation since 2015.