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NOC and Sonatrach agree joint Ghadames block 2019 budget

The Address | Benghazi – Libya
ALGERIA – The joint ownership committee of the National Oil Corporation (NOC) and Algerian oil major Sonatrach met between December 24-25, 2018, in Algiers to discuss joint activities and balance sheets for 2018, and the 2019 budget for blocks 65 and 95/96 in the Ghadames basin, NOC said in a statement today.
Parties also discussed a report evaluating the reservoir capacity for block 95/96, and the release of excavator TP215, following completion of the drilling of well 02-96 1A, according to the statement.
The committee also discussed the evaluation and development of block 65 through its association with Arabian Gulf Oil Company’s (AGOCO) Hamada fields.
The meeting was attended by Tayeb Abulmida, Khalifa Amru as NOC Representatives and Nacera Meraghni, Utpal Nath and Djaouid Bencherif as Sonatrach representatives, NOC said.

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