Rédaction Africa Links 24 with ania.b
Published on 2024-04-08 12:21:07
SONATRACH and TotalEnergies have recently signed a Protocol of Agreement aimed at strengthening their partnership and expanding their cooperation in the field of hydrocarbons. This initiative signifies their common desire to consolidate existing ties and explore new opportunities for collaboration.
Indeed, this Agreement between the two giants of the oil industry specifically aims to establish a framework for cooperation to carry out a work program in the North-East region of Timimoun. The objective is to assess and develop the hydrocarbon resources of this region, making use of the treatment facilities already in place.
This document outlines the collaboration between SONATRACH and TotalEnergies with the intention of concluding an exploitation contract for hydrocarbons in the identified area of interest. This approach falls within the framework of Law No. 19-13 regulating oil and gas activities, ensuring compliance with current regulations.
It is worth noting that SONATRACH and TotalEnergies have already collaborated under association contracts covering different contractual areas. Among these are TFT II, TFT Sud, Timimoun, and Berkine, where the two companies have already implemented joint exploitation projects.
In addition, this new partnership initiative between SONATRACH and TotalEnergies also demonstrates their commitment to sustainable development. By working together, these two major players in the oil industry strive to reconcile economic imperatives with environmental protection and adherence to social standards.
The signing of this Protocol of Agreement paves the way for new growth and development opportunities for SONATRACH, TotalEnergies, and the Timimoun region as a whole. By uniting their strengths and expertise, these two companies can maximize the potential of hydrocarbon resources while contributing to the socio-economic development of the region.
In conclusion, the signing of the Protocol of Agreement between SONATRACH and TotalEnergies marks an important step in strengthening their partnership and expanding their cooperation in the field of hydrocarbons. This partnership reflects their shared willingness to work together to carry out large-scale projects while upholding the highest standards of social and environmental responsibility.
Read the original article(French) on Algerie 360
