BP, Sonatrach sign In Amenas deal

21 November 2002

Algerian state energy company Sonatrachhas signed the final terms of an agreement with the UK's BPto double gas production from the In Amenas gas development in the Illizi basin, close to the Libyan border. The four-field development is expected to yield some 7,000 million cubic metres a year (cm/y) of gas and condensates, with work due for completion in the fourth quarter of 2005. The field was originally discovered by Amocoprior to its merger with BP in 1998 (MEED 28:8:98).

Earlier in 2002 a joint venture of Japan's JGC Corporationand Kellogg Brown and Rootof the US won the $745 million engineering, procurement and construction (EPC) contract on the project (MEED 8:11:02). Development of the gas industry is at the forefront of Algeria's energy policy, driven by the potential of the lucrative export market, and other major new field developments are in progress at Ohanet and In Salah (MEED 15:3:02).

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