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Sonatrach ... awarding contracts

Algeria's Sonatrach awards $180m in oil service contracts

ALGIERS, May 9, 2016

Algerian state energy company Sonatrach has awarded US oil service firms Schlumberger and Weatherford contracts for cementing and pumping services, a Sonatrach document said.
 
Schlumberger was awarded a $75 million contract, and Weatherford a $11 million contract, according to the document seen by Reuters.
 
Baker Hughes has also secured a $50 million contract through its Algerian unit BJSP, in which Sonatrach owns 51 per cent. The fourth contract worth $44 million has been awarded to the Emirati firm NPS.
 
Opec member Algeria has been trying to attract foreign oil companies to explore for oil to offset stagnant production. -- Reuters
 



Tags: Algeria | Sonatrach |

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