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Algeria inks $206m oil deals with US firms

RABAT, May 16, 2016

Algeria’s state-owned Sonatrach has awarded contracts worth $206 million to a number of US for oil drilling and other services, a report said.

Schlumberger obtained a $75 million contract, while Weatherford received $11 million in new business, added the Morocco World News report.

Baker Hughes secured a $50 million contract through its subsidiary BJSP, 51 per cent of which is owned by Sonatrach.


 




Tags: Algeria | Sonatrach | oil drilling |

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