Algerian national oil company SONATRACH and PERTAMINA, an Indonesian firm, have signed three service contracts for the lifting of crude oil, condensate, and LPG produced from the Menzel Ledjmet “MLN” perimeter (Block 405a).
The contracts fall within the framework of the Hydrocarbons Contract for the Menzel Ledjmet perimeter and aim to enable partner PERTAMINA to market its products under optimal conditions at Algerian loading ports.
Under the contracts, SONATRACH will provide its services and expertise in the programming, coordination, and monitoring of lifting operations for the quantities of crude oil, condensate, and LPG allocated to PERTAMINA.
The Hydrocarbons Contract for the Menzel Ledjmet perimeter, concluded in accordance with the provisions of Law No. 19-13 governing hydrocarbon activities under a Production Sharing Contract (PSC), entered into force on January 7, 2025, for a duration of twenty-five (25) years.
It brings together, as partners, SONATRACH, PERTAMINA, and REPSOL.
Under these agreements, SONATRACH and PERTAMINA reaffirm the strength of their commercial relations, which span more than twenty-four (24) years of continuous cooperation in the hydrocarbons sector, marked by long-term purchase and sale contracts as well as numerous spot transactions involving Saharan Blend crude oil, condensate, and LPG.
Discover more from Energy News Africa
Subscribe to get the latest posts sent to your email.