Algeria - Other Foreign Operators. APS Review Gas Market Trends | February 8, 1999 | COPYRIGHT 1999 Input Solutions. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information) Copyright

Sonatrach has granted exploration permits to and signed PSA with a number of other companies. Mobil, however, decided to pull out of Algeria in late 1998 because of low oil prices. On Feb. 27, 1994, it had signed its final PSA for oil and gas exploration in three blocks with a total of 12,770 sq km around Touggourt just north of Hassi Messaoud. The US major was to invest $55m to drill five wells. It held 75% and Inpex had the remaining 25%. It discovered oil in 1996 but in late 1998 it said that was "not worth it". Neste Oy of Finland pulled out of Algeria in late 1998 for ...

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