Equinor and Sonatrach sign memorandum of understanding
On 17 May Equinor and Sonatrach signed a memorandum of understanding (MoU) to examine cooperation within oil and gas exploration and production in Algeria and internationally.
The signing of the MoU strengthens the existing partnership between Equinor and Sonatrach. The MoU also includes cooperation within greenhouse gas emissions and carbon management, industrial safety management, implementation of technology to increase hydrocarbon recovery and development of a model for driving high-performance oil operations.
Equinor entered Algeria in 2004. Current assets include In Salah and In Amenas, as well as a partnership on exploration in the Timissit licence.