CNOOC

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Algeria’s Energy Ministry on Sunday awarded three exploration licenses out of 10 permits on offer, the head of its licensing committee Djilali Takherst said.

The licenses were awarded at a public session to select the winning companies in a bid round. In Algeria’s last licensing round, only four out of 16 permits initially on offer were granted.

Sunday’s round saw a consortium led by China’s CNOOC win the Hassi Bir Rekaiz permit, while a consortium headed by Total was awarded the licence for Ahnet and Spanish Repsol and its partners got the South-East Illizi permit, Takherst added. More >